$BTC 📊 April 2 Bitcoin Market Analysis & Strategy

BTC 🪙:
In the short term, after reaching a high of 69,288, the price continues to decline. Currently at 66,749.8, it has broken below the middle band of the Bollinger Bands at 67,783.6. The lower band at 66,578.4 is a key support level. As the price approaches the lower band, bearish momentum is fully unleashed; the MACD green histogram continues to expand, and the DIF and DEA are diverging sharply downward, indicating strong bearish momentum. Overall, the market is in a deep correction pattern.

• Bearish Logic: After breaking below the middle Bollinger Band, the price accelerates downward. If it volume-breaks the lower band at 66,578.4, it will confirm a new downtrend. The next target zone is 66,000-65,500; the middle band at 67,783.6 acts as a strong resistance. If the rebound does not reach this level, the decline will continue.

• Bullish Risks: If the support at 66,578.4 holds effectively and the MACD green histogram shrinks and turns upward, there may be an oversold rebound, with a target of 67,500-68,000. If the rebound faces resistance, the decline will persist.

🎯 Main Strategy: Slightly Bearish

• Entry Zone for Short Positions: 67,000-67,300

• First Target: 66,000

• Second Target: 65,500

• Stop Loss: 67,500