4.6 Afternoon Market Analysis

Bitcoin surged sharply from 66,650 in the morning, reaching a high of 69,587 before facing resistance and pulling back. Currently, it is consolidating around 68,825. The current candlestick shows a quick decline after a rise, indicating that the bullish momentum is only a short-term pulse. The larger-scale bearish trend remains unchanged, and the rebound is still an opportunity to short! The 69,200-69,500 range remains a strong short-term resistance. The market is moving in tandem with the altcoins, and the strategy remains primarily to short on rallies and buy on dips!

Trading Suggestions

Short near 69,000-69,500 on rebounds, with a first target of 68,000✓. If broken, continue to look downward toward 67,000$BTC $ETH #加密市场行情震荡 #Gate广场四月发帖挑战