2025.4.9

Afternoon Market Analysis

$BTC dropped to 74600 forming a double bottom, it seems this bottom support is still very strong. The 1-hour level has formed an engulfing state and is starting to rebound. My suggestion is to oscillate around 75000, be bold and trade!

This situation will continue until early May when interest rates are cut, and the CPI result on the 10th will definitely be bearish! So, one can short on highs, leaning toward a downward trend.

Core: A rebound is not a reversal!!!