April 10 Afternoon Analysis

Bitcoin's short-term rebound has risen back to the 72,000 level, and the core battle between bulls and bears is officially underway.

The overall market continues to operate within a two-month range of 62,000 to 75,000, with the 72,200-73,500 price zone accumulating nearly 6 billion in short leverage positions, serving as the main resistance point for this upward move.

Once spot buying pressure gains strength and breaks through 72,500, it will trigger a chain reaction of short liquidations, opening up space for further upward movement, with targets directly at 75,000 and even 80,000.
The 66,000 level remains a strong support for the bulls; as long as this level is not effectively broken, the medium-term bullish trend structure will remain intact.

Currently, the market is a typical scenario where the bears have not fully exited, and the upward trend is difficult to halt.
Tonight's CPI data will be the key catalyst for the market. Once the data proves favorable, it will leverage the momentum from short liquidations to help Bitcoin push toward new highs. $BTC #$ETH $XRP