April 3rd Bitcoin Market Analysis

Short-term bearish signals are clear: the 67,000 level is under pressure, and a shorting opportunity has emerged.

As of 9:33 AM on April 3rd, BTC spot price is at 66,879.41, with a 15-minute chart clearly showing a lack of momentum for a rebound and a dominant bearish trend:

Key high and low points: this rebound's high at 67,430 and low at 65,712
Moving average status: MA7 (66,840.52) is flat, MA25 (66,903.05) is forming strong resistance, and MA99 (66,722.49) support is weakening
MACD confirmation: both lines are near the zero axis, with the green momentum bars continuously enlarging, indicating that the bearish force is fully dominant. The downward momentum has not been fully released; the rebound is merely a continuation of the decline.

The trapped positions above 69,000 from earlier have been continuously exiting during this rebound. The 67,000-67,500 range has become a dense area of selling pressure, making every rebound an excellent shorting opportunity.
Volume: current volume is only 9.20614, far below the 5-day and 10-day average volumes, indicating that the rebound has completely lost funding support.

Trading Recommendations:
- Short at 66,900-69,000 during rebounds
- First target: 66,500
- Second target: 65,500