# bit

April 1 Morning Bitcoin Reference
After consecutive declines earlier, the bullish momentum has been overly released. The short-term technical indicators are severely oversold, and funds have an instinctual need for a rebound. The area around 66,500–67,000 is a strong support level, with multiple dips failing to break below, indicating strong buying interest here. The main force is reluctant to push the price down further.
Trading suggestion:
Buy on dips around 68,200–68,500, with a target of 69,500–70,000#bit