April 7th Bitcoin Market Analysis

The price has effectively broken below the MA7 (2,115.73) and MA25 (2,133.95), two key short-term moving averages. The original bullish support has completely turned into resistance, and the short-term upward trend has been fully broken, entering a correction channel.
During the decline, trading volume remains active, with the MA5 volume average still above the MA10, indicating continuous selling pressure, strong willingness of funds to escape, and high validity of the decline with no obvious support.
Support levels are clear, and defense is straightforward: MA7 and MA25 form a double resistance zone between 2,110 and 2,130. The price is likely to encounter resistance and fall back when rebounding into this range, providing clear entry and stop-loss points for short positions, with manageable risk.

Trading Suggestions:

First target: 2,075 (MA99 strong support). Reduce positions by 50% upon reaching this level, lock in profits from the partial gains.
Second target: 2,040-2,020 (previous low). If support is broken, continue holding to seek a larger correction space and play for a deep correction.