4.3 Morning

Yesterday, Bitcoin faced resistance at the high of 68,626 and retreated, initiating a unilateral downward trend, with the lowest touching 65,653. It then entered a low-range consolidation and correction phase. Driven by the US stock market opening higher and then rising, there was a slight short-term rebound, currently trading within a narrow range around 66,850.
From the market structure perspective, the current rebound is a technical oversold correction, with bullish momentum clearly lacking. The candlestick pattern is converging, and the larger-scale bearish trend still dominates the market. Any short-term rebound can be viewed as a good opportunity for high-level shorting. The core resistance is concentrated in the 67,200-67,500 range, which is the dividing line between strong and weak bulls and bears for the day.

The "Mistress" trend is highly correlated with Bitcoin's price movement and remains generally weak. Following Bitcoin's rise and fall, it is also currently in a weak oscillation pattern. The trading approach remains consistent: primarily shorting at high levels, with occasional long positions at low levels, strictly controlling risk.

Bitcoin: 67,300-68,000 range, 👀66,000-65,000

Mistress: 2080-2120 range, 👀2030-1960$BTC $ETH #Gate广场四月发帖挑战 #国际油价走高