#Gate广场四月发帖挑战 Morning Analysis

In the early hours, BTC's large bullish candle broke through 70,000 but with insufficient volume. This is a typical manipulation by the whales to lure retail investors. Currently, the price is hovering around 70,300, failing to hold above the 70,000 level for 24 hours. Selling pressure remains heavy above this level. Be cautious of a pullback and avoid blindly chasing highs. Until 70,000 is firmly stabilized, all upward movements are just paper tigers. Blindly chasing high will only turn you into institutional harvesters' prey. Be sure to watch out for the risk of being trapped. The 4-hour MACD shows a golden cross, but RSI is overbought at 71, indicating a high probability of a short-term correction. At 3 a.m., a whale address transferred 5,000 BTC to an exchange, suspected to be preparing to dump. Currently, retail FOMO sentiment is rising while large funds are watching, which is a classic scenario for retail investors rushing in and institutions harvesting. In terms of trading strategy, consider shorting in the 70,100-70,800 range with targets at 68,500-68,000.