#GateSquareAprilPostingChallenge

Daily Market Analysis — BTC After BTC retested the aggressive support at 67,860 mentioned earlier by Sugar, it surged all the way up to the short-term resistance at 71,674, which are perfect levels. Today's movement is actually quite simple; just understand the range within which the price can operate on the daily chart and the support levels provided on the 4-hour chart. First, when a trend is established, it doesn't change easily. Currently, on the daily chart, it remains in the second phase of a downward sideways movement within a bearish trend. However, even during sideways movement, there are upper and lower boundaries and internal bullish and bearish zones. The current price action is exploring the upper boundary area on the daily chart. The core area of the upper boundary is also familiar—around 75,180. Details can be refined further by considering the downward channel and trendline (see Chart 1 and Chart 2). From the 4-hour perspective, after reaching the short-term resistance area mentioned earlier, the price paused. Resistance above this zone will still exist, but the morning surge will inevitably push support levels on smaller timeframes higher. Meanwhile, the successful rally on the right side of the 4-hour tower bottom has transformed this tower bottom into a daily-level tower bottom, which could further strengthen the support effect below. Summary: Major resistance levels still firmly exist. Short-term upward movements won't immediately change the trend. In a bullish scenario, slightly raising the resistance levels is advisable; internal support levels on lower timeframes also move higher. Using small-timeframe pullbacks to play the larger upward trend remains a low-risk approach (see Chart 3 and Chart 4). Short-term support: 70,510–69,380 (monitor for trading opportunities), second support: 65,660–64,210 (long-term view for short-term trades). Short-term resistance: 73,245–74,304 (beware of price entering this zone with small-timeframe bearish divergence), pattern resistance: 77,538–79,112. Based on current conditions, the bulls are not exhausted yet. The chips involved in the midline rally around 67,860 can be used to raise take-profit levels and continue playing near the control line. Due to time constraints, I will follow up on other details when available. #BTC