April 3rd Morning Analysis

Bitcoin (BTC) remains within a narrow range around the thousand-point level, with a rebound up to approximately 67,400 and a retracement down to around 66,500, showing relatively limited volatility. Although there are no major trend opportunities, trading within this range allows for rhythm control, and short-term trading still offers ample profit potential.

From the current market view, Bitcoin shows no significant change compared to midnight, with the price oscillating around the 67,000 level. The hourly chart displays a alternating pattern of small candles, indicating a consolidation with mixed bullish and bearish signals. The bullish momentum continues to weaken, with the fast and slow lines forming a divergence at the bottom, limiting upward movement. The four-hour rebound with decreasing volume is unlikely to continue, and the overall trend remains in a broad downward channel, with highs and lows moving down in sync. The bullish momentum gradually diminishes; the Bollinger Bands' three lines are slightly diverging downward, with the middle band acting as a clear resistance. In the early session, it is advisable to continue shorting near this resistance zone, taking advantage of retracement opportunities.

Bitcoin (BTC): Short around 67,500-68,000, targeting 66,000-65,500.
Ethereum (ETH): Short around 2,090, targeting 1,980.