4.20 Evening Bitcoin Outlook: Reduced volume rebound does not indicate reversal, Bitcoin remains bearish



Bitcoin on the hourly chart shows a typical dip and rebound weak recovery in the afternoon: Although there was a rebound influenced by news in the afternoon, it is just a play of international policies, not a trend reversal. The bullish weakness and bearish structure remain intact. In the short term, the outlook is firmly bearish; any rebound is an opportunity to short at a higher level.

Enter short around 75,500, target near 72,800. If the decline halts, consider reversing to long! #GatePreIPOs首发SpaceX
BTC-0.9%
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