2026-04-07 03:15:33

Today’s Midday Market Outlook (Tuesday)

1. Market Structure: Sharp rise followed by decline, dominated by bears
1. Intraday Trend: The market surged to $2174.07 in the morning but then continued to weaken, with highs gradually decreasing and lows continuously shifting lower, forming a one-sided downtrend. Bulls are completely unable to mount a counterattack.
2. Bollinger Bands (BOLL) Signal:
◦ Price has been falling from the upper band ($2112.54), directly breaking below the middle band ($2104.41), and is currently near the lower band ($2096.28). The Bollinger Bands are diverging downward, indicating a clear bearish trend.
◦ The middle band at $2104.41 has shifted from support to strong resistance, and any rebound to this zone will face heavy selling pressure.
3. Volume and Capital Flow: During the decline, trading volume increased, combined with a 24-hour net capital outflow of $11.87 million, indicating heavy selling pressure and continuous capital exit, with no signs of major players supporting the market.
Second Bitcoin correction target: drop to 2020–2050
First target: around 1980
Second target: around 1950

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