4.20 Monday morning Bitcoin outlook: in a weak pattern, follow the trend and go with it.

The weekend is over in the blink of an eye, and a brand-new week is once again here. Good morning, everyone, and wishing you good luck.

During the weekend, a series of bearish news came in, and the market responded accordingly: it once again moved down, falling from the high of 783 all the way to the current 737. That’s a total drop of 4,600 points. The bears can finally have their moment to catch a breath, and what we’ve insisted on all along—high-entry trades—will eventually pay off.

On the four-hour chart, after Bitcoin initially broke through the upper band and then faced pressure, it followed by pulling back with a string of bearish candles. Right now, it has directly broken below the lower band. The moving averages are shifting downward. The MACD indicator’s two lines form a dead cross pointing downward, and the energy histogram keeps increasing with bars continuing to expand. The KDJ’s three lines are all bearish. The short-term structure has weakened again, and it has the flavor of further continuation. For the morning outlook, follow the trend accordingly.

Reference: take shorts in stages around 743 and 749, with targets focusing on the 728-715 range. $BTC