April 4th, Saturday, midday market analysis.

Bitcoin's early morning decline was followed by weak consolidation, without breaking support levels. The bears did not continue the downward trend. Currently, the price has experienced a relatively long period of consolidation. Overall, the evening session outlook is for a correction!

From a technical perspective, the daily chart shows a large bearish candle closing, with the candlestick operating around the middle to lower Bollinger Bands. The overall market is still in a downward oscillation trend, with a short-term ladder-like decline forming. It has already dropped from the middle band directly to the lower band, with a clear support at the bottom. Today, focus on the support around 66,800. A pullback that does not break the previous low indicates limited downside space. Currently, the bears are gradually reducing volume, and the bulls will re-enter the market. Our intraday strategy should mainly favor buying on dips.

$BTC Bitcoin trading suggestion: Go long around 66,800, targeting 67,800-68,800.

Ethereum trading suggestion: Go long around 2,050, targeting 2,100-2,150.
$BTC $ETH
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