April 8 Big Coin Market Analysis

From the order book data, the current market is in an accelerated phase of the main upward wave, but short-term highs are under pressure; it’s extremely necessary to reduce positions:
The price breaks through the 72,000 integer mark, with a highest point of 72,743.4. The short-term increase has been too large, creating a risk of an overbought pullback;
Although the MACD red histogram bars are still expanding, be alert to subsequent momentum weakening, and rapid “needle-like spikes” may occur at high levels;
Trading volume continues to increase, showing strong willingness of funds to enter, but at high levels investors holding on to take-profit orders need to be cautious about “profit-taking selling” escaping;
Trading suggestions:

Step 1: Reduce holdings by 50%
Close out half the position directly, locking in 50% of the current floating profit and taking gains.
Basis for action: The current price of 71,690.4 is approaching the intraday high, and there is a high probability of resistance at high levels. First realize half of the profit—neither missing out on the subsequent market move nor avoiding the risk of a short-term pullback;
Step 2: Adjust the remaining position for defense
For the stop-loss of the remaining 50% position, move it directly up to the MA7 moving average (71,051.5). As long as the price does not effectively break below this moving average, continue holding it and let the profits run;
$BTC