Thursday, April 20th, early morning sharp decline, no good news, and the market continues to dip on pullbacks.

The yellow-haired guy is really a troublemaker in the market; the rise and fall depend entirely on one sentence, making the market chaotic and disorderly. Early in the morning, it was said that the conflict would last ten more days, causing a market crash, with digital currencies and gold both dropping sharply. All long positions and current price longs from yesterday and this morning have been wiped out. Currently, Bitcoin has fallen to around 66,600. In the short term, the market is panicking, with strong selling sentiment. The market may experience a short-term correction influenced by news. In the midday session, observe whether the bearish trend continues; if the pullback stalls in the afternoon, consider re-entering long positions.

On the daily chart, the market remains in a wide-range oscillation, not a one-sided trend. There is strong support around 65,000 below. The short-term movement is also affected by news, leading to downward movement. This market sentiment is temporary; avoid chasing shorts in the cyclical support zones to prevent hitting the floor. On the hourly chart, the structure is currently an upward oscillation, with lows gradually rising, and oversold signals appearing in the short term. In the afternoon, continue to focus on a long bias around the lows.

Thursday midday, it is recommended to go long on Bitcoin at 66,000-65,500, targeting the 68,000-69,500 region.

$BTC