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April 2nd, Bitcoin Auntie Market Analysis
Today’s market was originally gradually pushing upward with a rally, reaching around 68,600 at one point.
But then a piece of news suddenly emerged—Trump made a statement targeting Iran, and the market was immediately startled—
Within just ten minutes, three large bearish candles dropped, causing Bitcoin to plummet by 1,600 points, bottoming out near 67,000 before stabilizing.
From a technical perspective, this wave broke from the middle Bollinger Band directly down to the lower band, indicating that emotional release was mostly over,
Short-term bearish momentum has basically been exhausted, and the next move is more likely to be a consolidation or pullback before looking for opportunities to go higher.
Trading strategy:
Bitcoin: If it stabilizes around 67,000, consider light long positions targeting 68,000–68,500
Auntie: If it stabilizes around 2,090, consider building long positions targeting 2,150–2,170
One sentence summary:
This drop was caused by news, not a trend reversal. Once stabilized, look for low-buying opportunities.