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Today’s Bitcoin Outlook (Thursday)
The overall trend is still downward. The current rebound looks more like a retest, lacking the strength to push higher. Short-term bias is bearish.
1. Trend and Moving Averages
The main trend is downward, with multiple moving averages pressing down from above. Each rebound to resistance levels gets pushed back down. On the 4-hour chart, price movement is sluggish, and volume is insufficient.
2. Resistance Levels
There is a clear resistance zone above. If it cannot break through, it will continue to fall back. As long as it cannot surpass the key resistance level, the bears remain dominant.
3. Indicator Signals
All indicators are showing weakness, with no signs of strong upward momentum. Short-term indicators have already turned downward. The rebound lacks follow-through capital, and upward attempts are weak.
4. Support Levels
There are several support levels below. Once the first support is broken, the price will move to lower levels. Further breakdown will open up more downside space.
Bitcoin: Rebound to 67,500–68,000
First target: 66,500
Second target: 65,000 (cautiously) #四月行情预测 $BTC $ETH