Market Review: In the early morning, Bitcoin prices showed a sideways trend. The high rose to around 67,000, and the low was around 66,700. Big coin maintained a narrow-range consolidation pattern, and both bulls and bears remained cautious and on standby.

The current Bitcoin price is trading near $67,000, and overall shows the technical characteristics of “downward momentum exhaustion and bottoming with low-level consolidation.” Judging from the candlestick (K线) pattern, after the price touched the $66,200 low, it quickly rebounded, leaving a clear long lower wick, indicating that this level has strong buying support and that the resistance to further downward pressure from the bears is increasing. In terms of the moving average system, although the coin price is still constrained by short-term moving averages, the downward slope has clearly eased, and the price has begun to attempt to hold above the lower band of the Bollinger Bands. This is usually a repair signal after short-term oversold conditions. Meanwhile, the MACD indicator shows signs of a golden cross below the zero axis; the red momentum histogram bars gradually shrink, implying that bearish momentum is weakening and that the market may be on the verge of a technical rebound at any time.

Trading advice: Focus on short positions. Sell short around 67,500, with a target near 65,000.#Gate广场四月发帖挑战