4.7 Morning Analysis

Bitcoin 1-hour surge to 7035 then volume spike and sharp decline, a large bearish candle directly breaks through the middle Bollinger Band, moving average death cross forms strong resistance, and the technical outlook clearly indicates a bearish trend; combined with hawkish comments from the yellow-haired hawks and a strengthening dollar, profit-taking is concentrated and fleeing the market. High-position long positions are fully trapped, panic sentiment spreads, and selling pressure increases. Under the resonance of bulls and bears, the trend clearly shifts to bearish. Short-term rebounds are opportunities for high-level short entries. Focus on the support break of the lower band.

Trading suggestion: Short at 69100-69600, target 67100-67600.