April 4th Bitcoin Market Analysis 📉



Current Price: 66811
24-hour Price Range: 66240 - 67350
24-hour Trading Volume: 51.52E
Market Liquidity: Sufficient

MA7: Current value 66852
Latest price 66811 has broken below this moving average, indicating short-term bullish momentum is weakening, and the short-term trend is shifting from strong to weak.

Volume Analysis:
Decreasing volume during the pullback confirms limited short-term selling pressure, with strong support below. If volume increases and breaks through MA7/MA25, the bulls may resume the rebound; if volume increases and breaks below MA99, caution is needed as the trend may turn bearish.

Bearish Core Logic:
1. Short-term moving averages MA7/MA25 are turning downward, putting pressure on the price, and the short-term trend is weakening;
2. Multiple attempts to break the 67,000 level have failed, with obvious resistance above, indicating insufficient bullish momentum;
3. On the daily chart (showing a 7-day increase of 1.09% and a 30-day decrease of 8.90%), the medium-term is still in a correction cycle, and a large-scale rebound has not yet been confirmed.

Trading Recommendations:
- Short at 67040-67050
- First target: 66800
- Second target: 66710
BTC0,52%
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