April 1st Morning Bitcoin Outlook: Four-hour correction confirmed! Bitcoin's morning bias is bearish.

Just after midnight, when Iran’s president said Iran is willing to end the war once demands are met: all markets surged—stocks, gold, and cryptocurrencies rebounded collectively. Is this a joke for April Fools’?

Currently, on the four-hour chart, Bitcoin keeps testing resistance but cannot break through. The longer it consolidates at high levels, the weaker the bulls become—that’s obvious! The failed attempt to push higher overnight immediately pulled back to the original level, indicating this is the stronghold of the bears! Right now, the rebound is facing resistance, which is not a sign of a major rally starting!

As long as it doesn’t hold above the early morning high, it’s just a prelude to a pullback. Don’t get distracted—continue to look for short opportunities, especially at high levels!

Go short directly in the 68,500 - 69,000 range, with a target of around 66,500!