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April 2nd, Thursday, Morning Market Analysis.
Currently, Bitcoin has returned to a weak trading range, showing an overall pattern of oscillating downward, gradually making new lows after repeated consolidation and correction. The trend is downward, with a choppy decline in rhythm. Short-term trading remains predominantly bearish.
From a technical perspective, after price contested near the midline, it suddenly dropped and broke through the lower band. The trading channel shows a weak downward bias, with bearish momentum forming a series of solid candles. Moving averages are all turning downward, indicating a clear bearish trend and a very weak state.
Personal trading suggestion for Bitcoin: Short around 68,600, targeting 67,100-66,100. $BTC $ETH #美股迎报复性反弹 #以太坊基金会质押4620万美元ETH