Wednesday, April 1st, oscillating upward with continued dips for more

It's Wednesday again, and the market has been mainly trending upward with oscillations this week. Yesterday, after testing the bottom at 65,900, it rebounded again. After reaching a high of around 68,600 in the early morning, it faced resistance and pulled back, currently around 68,000. Although there were some surprises during yesterday's trading, all losses were recovered by the evening. The current price of 66,200 given last night, aiming for 68,000, also perfectly took profit. As new highs keep being made, the trading approach this week should continue to favor low buy strategies!

From a technical perspective, the overall market is still in a wide-range tug-of-war pattern and has not entered a one-sided trend. The daily chart shows a reversal pattern after two consecutive bearish candles, indicating a short-term bottoming and rebound process. On the 4-hour chart, the trend is mainly oscillating upward, with continuous new highs in the short term, clearly showing an upward oscillation rhythm. Currently, what’s needed is a slight slowdown in the short-term rally, with some pullback expected. In the morning, small dips can be overlooked, and in the afternoon, consider entering low buy positions.

For Wednesday morning, it is recommended to buy Bitcoin around 67,000-66,500, with targets near 68,500-70,000 $BTC .