April 3 Morning Silk Road and Recommendations

The range-bound pattern has not been broken. Under the major downtrend, maintaining a primarily short position. Bitcoin retraced to the 65,000 support zone and rebounded as expected. Currently, the price has risen to around 67,000, just at the middle of the range-bound zone. In the short term, both bulls and bears have room to compete, but the overall bearish dominance remains unchanged. Our trading approach remains focused on the core strategy without wavering.

From the 5-minute K-line chart, BTC is currently trading within the 66,550-67,400 range, oscillating narrowly. The price repeatedly tests the 67,000 level, with bulls and bears temporarily balanced.

Today’s trading strategy: primarily short, with small long positions as supplements.
Core idea unchanged: in a major downtrend, prioritize short positions. Rebounds are opportunities to short.

3. Short position setup: gradually build short positions around 69,000 with defensive stops at 70,200.
First target: 67,000
Second target: 65,000
With the large-scale bearish trend dominating, rebounds to resistance zones are key opportunities for shorting. Strict risk control: do not chase shorts or hold large positions.

4. Long position play: suitable only for short-term trades.
Entry reference: after the 65,000 support holds, take small long positions aiming for 67,000-68,000.
Take profit when the price reaches resistance zones and exit.
Only trade small positions on rebounds when support holds firmly.
Quick in and out, avoid holding positions during battles.

Strict risk management: regardless of long or short, always set stop-losses. Do not hold large positions. In a major downtrend, contrarian trades are always low-probability plays.

5. Rhythm control: currently in a range-bound oscillation.
Avoid chasing rallies or panicking during dips.
Be patient and wait for the price to reach key resistance/support levels before entering.
Avoid frequent trades.
Focus on: if tonight’s rebound tests the upper Bollinger Band, it’s the best entry point for shorts; if it drops below 65,000,

6. Attitude should be aligned with Bitcoin’s overall trend.
Primarily short, with small long positions as supplements.
In the short term, consider building small long positions around 2080, targeting near 2020.
Medium to long-term, maintain previous strategies.
Focus on the effectiveness of support levels before entering long positions.
Market changes rapidly; I will follow in real-time and update immediately if there are any movements.
Follow the rhythm, and steadily take profits! #加密市场行情震荡