$BTC 📊 April 4th Bitcoin Market Analysis & Strategy

BTC 🪙:
After a short-term pullback from the high of 67,350 and sideways movement, the current price is around 66,859.9. It remains under continuous pressure near the upper Bollinger Band at 66,934.2. The lack of volume on the rebound makes it unsustainable, and the overall pattern is a high-level sideways movement with weakness; MACD is below the zero line, with DIF still below DEA. Although the bearish momentum is temporarily weakening, there is no buying interest to support the bulls, and the rebound could end at any time.
• Bearish logic: The price has repeatedly tested the upper band at 66,934.2 and faced resistance. If volume increases and the price falls below the middle band at 66,869.5, it will confirm a new downtrend, with the next target zone at 66,000-65,500. The upper band at 66,934.2 is a strong resistance; if the rebound fails to break through, the downtrend will continue.
• Bullish opportunity: If the upper band at 66,934.2 is effectively broken with increased volume and a bullish MACD crossover, there could be further rebound, targeting the 67,500-68,000 range. If the rebound faces resistance, the downward trend will persist.
🎯 Main Strategy: Slightly Bearish
• Entry zone for short positions: 67,000-67,200
• First target: 66,000
• Second target: 65,500
• Stop loss: 67,300