April 2 Market Analysis

Support Level Analysis

There are two key support levels below the current price:

First support level: 66,000 USDT — An important psychological threshold in recent bullish and bearish battles, also the initial defense line for short-term corrections. If the price falls back to this level, it may trigger short-term buying interest.

Second support level: 65,500 USDT — If 66,000 USDT is broken, this level serves as a stronger defense zone, close to miner cost ranges, where selling pressure may weaken, making it suitable for aggressive long positions.

Resistance Level Analysis

Resistance above is mainly concentrated around whole numbers and previous high points:

First resistance level: 70,000 USDT — The primary target for the current rebound. A volume breakout here could open up upward space.

Second resistance level: 72,000 USDT — A key point for mid-term trend reversal. Standing firm above this level can confirm a shift from bearish to bullish.

Trading Recommendations

The market is currently in a consolidation phase. Suggestions:

Short-term traders can try small long positions within the 66,000–65,500 USDT range, with stop-loss below 65,000 USDT;

If the price encounters resistance around 70,000–72,000 USDT during a rebound, consider short positions;

Medium- and long-term investors should wait for clear breakout signals (such as volume confirmation above 72,000 USDT or a significant drop below 65,500 USDT) before making decisions.

Market volatility is intense; the above analysis is for reference only and does not constitute investment advice. Please strictly control your positions and avoid leverage trading. $BTC #BTC终结月线五连跌 I feel like it will decline for six consecutive months. $BTC