4.13 Bitcoin Public Outlook:

Today, Bitcoin overall shows a clear bearish technical formation. The short-term upward trend has been effectively broken, and the price continues to trade under sustained downward pressure.
The moving average system is showing a bearish alignment, exerting layered pressure on the price, and rebounds are unable to hold above key levels. Multiple attempts to surge and then fall back have released signals that sell pressure above is heavy.
Various oscillation indicators are weakening in sync. Bearish momentum continues to be released, and there are no obvious signs of a bottoming out or stabilization.
In terms of candlestick structure, the lows are moving lower continuously. Rebound strength keeps deteriorating. Volume participation also leans toward the bearish side, and overall market sentiment is weak.
Judging from the overall picture, in the short term the price is likely to maintain weak consolidation or further downside. There are no effective conditions for the bulls to mount a counterattack. The technical picture as a whole is clearly bearish.
A rebound to around 71,000-71,500 can be used to open short positions. The first target is 69,500, and the second target is 68,500 (cautiously).
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