4.4 Morning Silk Road and Recommendations

In 2026, there may be a pattern of “bottoming out first, then repairing/recovering.” At the beginning of the year, it has already pulled back from the October 2025 historical high of 127,000 to the 60,000 range. Currently (early April 2026), it is consolidating and fluctuating in the $65,000–$70,000 range. Most analysts believe 2026 is more likely to be a “transition year,” laying the foundation for the next upward cycle, rather than a one-way bull market or bear market.

Key technical levels: current range: $65,000–$70,000; recent support: $69,378–$71,840; intermediate support: ~ $65,000 (late-February low); strong support: $61,530–$64,560 (structural bottom)
Key resistance: strong resistance: $74,400–$76,000
Breakthrough level: $79,000 (bear flag failure)
Bullish targets: $85,000–$90,000

Summary Recommendations

Bitcoin is at a critical technical and sentiment turning point. In the short term, pay attention to whether it can hold the $65,000 support and break through the $70,000–$75,000 resistance zone. For investors, the current stage suggests:

Short-term traders: Watch the breakout direction in the $63,000–$70,000 range, and set strict stop-losses

Long-term investors: You can treat below $60,000 as an accumulation zone, but you need to be prepared to withstand further volatility
The above is only personal advice—please follow the layout by Linjie Shipan for specific guidance. $BTC