BTC April's strong start: Did it hold at 68,000? Is April Fools' Day still the day of a trend reversal?

Trading Plan: Hold the Support—Don’t Break, Don’t Make a Clean Sweep

Entry Levels:

Reject chasing at the current price. It’s recommended to wait for a pullback to 67200 - 67400 (around the MA120 support level) and enter only after signs of stabilization appear
Take-profit targets: Short-term to 68800. If there’s a breakout with strong volume, you can aim as high as 69500
Stop-loss level: Set it strictly at 66500. Once price breaks down that level with heavy volume, it indicates the short-term long bias structure has been destroyed

(Previously, many fans asked: what to do with long positions around 70000? Here’s the approach) Position reduction: If the current price bounces back to the 68400 - 68800 range, it’s recommended to reduce 30%-50% of the position. Don’t pin your hopes on a one-time exit/covering—first reduce the pressure on your position. Defensive setting: Raise the stop-loss (break-even loss) for the remaining position to 67200. If it breaks below this level, it means the rebound has ended, and you need to leave decisively.

News: The “first spark” of the new quarter

Q2 kickoff effect: April 1 is the start of the second quarter, and new institutional positioning often enters around this time. After the market’s washout at the end of March, there is some “catch-up rally” demand Halving countdown sentiment: As the April halving gets closer, on-chain data shows clear signs that long-term holders (LTH) are increasing their holdings. This consensus forms a solid psychological line of defense above 65000

Technical View: Moving averages tangled up—Building up momentum, ready to launch

Pattern analysis: The 30-minute chart shows that after the price held and bounced off 65000, it produced a solid stretch of range-bound upward movement The current price is in the adjustment phase after the TD9 signal. Notice that TD9/TD13 has appeared multiple times recently in the chart—this shows your indicators are highly sensitive to turning points Moving average system (core focus): MA24/52/120 is on the verge of turning from a “dead cross” into a “bullish alignment” MA120 (66750) has completely shifted from a strong resistance into a bullish defense position Key levels: Resistance: 68800 (prior high), 71200 Support: 67200 (short-term), 65000 (strong stop-loss level) Trend judgment: Ranging but biased to the upside. It’s trying to challenge the 69000 key resistance zone