April 1 Morning Bitcoin Analysis



Last night, Bitcoin started a rebound from the low of 65,938, reaching a high of 68,600. It completed a V-shaped reversal and a sideways upward movement, currently in a high-level consolidation phase after the rally.
The upward trend from the low has not been broken, and the support zone of 67,500-68,000 remains intact. As long as it does not fall below this range, the bulls still have momentum to push higher.

Resistance levels: 68,500 → 69,000 → 70,000
Support levels: 67,000 → 66,500 → 66,000

Trading suggestions:
After a pullback to the 67,800-68,000 zone and stabilization, go long with a small position, targeting 68,500-68,600. If broken, hold for a move toward 69,000.

If the rebound faces resistance at 68,500-68,600, consider a small short position, targeting 67,800-67,500. A break below this could see a move toward 66,500.

Overall, the main trend remains bullish, with short-term consolidation. Trading should focus on range-bound strategies, waiting for a clear direction before increasing positions. $BTC $ETH #鲍威尔鸽派发言重燃降息预期 #BTC能否守住6.5万美元? #美共和党提出美国挖矿法案 #加密市场普遍上涨 #Gate金手指
BTC3,21%
ETH5,2%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin