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Bitcoin reference for the morning of April 4th
Since the high point in March, the downward channel has remained; on both the weekly and daily charts, the moving averages are in a bearish arrangement. The medium-term downtrend has not changed, and the risk of a breakdown is extremely high. Multiple attempts to test the 69000-70000 resistance zone have all met resistance and rebounded downward; bullish momentum has been exhausted. The market’s expectation for the Fed to cut interest rates has been delayed, and the high interest rate environment continues to suppress risk assets
Trading suggestions:
Short near 68500-69000 on the pullback
Target: 66000-65500
$BTC #加密市场行情震荡