➕Market outlook for the afternoon of April 3rd. ➕

$BTC Viewpoint:
I have to say that the support at 65,500 for Bitcoin is quite strong. Looking at the white arrow pointing downward, it tested this level multiple times without breaking below, and each time it retested 65,500, a rebound occurred.
Yesterday, it tested 65,500 again and rebounded, but this rebound did not break through the resistance at 67,638. It only temporarily broke the lower boundary of the flag pattern without even fully retracting the flag, then it moved back down. Currently, it is preparing to retest the support at 65,500. This time, the rebound from the support at 65,500 cannot break above the high point at 67,405 indicated by the white arrow, and fail to make a new high. If it tests the support at 65,500 again, it is very likely to break below because this support has been tested multiple times. The previous rebounds from testing 65,500 were relatively strong, with each high point higher than the last. But in the last two tests, the rebounds are weaker each time. So I say, if the next test of this support cannot produce a higher high, it will likely break down. Once 65,500 is broken, 64,930 will definitely be tested. It depends on whether the price stops falling and consolidates around 64,930 or breaks through directly to 63,832 for a signal of a trend reversal. For Bitcoin to stop falling and rebound, it must re-enter the flag pattern and break through 67,638 to confirm a reversal; otherwise, it will continue to fluctuate between 66,252 and 67,300. Only a breakout or breakdown will signal the direction.

Bitcoin with volume breaking through 66,893 on the right side can chase the rebound; if it breaks below 66,253 with volume, it can be shorted on the right side, with proper stop-loss.
On the hourly chart, if Bitcoin breaks and holds above 66,893, look for 67,598-68,591; if it cannot go above 66,893, it’s useless.
On the 4-hour chart, if it breaks below 66,239, look for 65,561-63,810.
Resistance levels above: 66,893-67,598-68,591
Support levels below: 66,285-65,500-63,840

$ETH Strategy:
Bitcoin with volume breaking through 2,071 can chase long on the right side, with stop-loss at entry.
If it breaks below 2,043 with volume, short on the right side, with stop-loss at entry.

Retest 2,011 to confirm support and add one position,
Break below 1,980 to stop-loss.
On the hourly chart, if Bitcoin stabilizes above 2,071, look for 2,125-2,166;
Watch for a short opportunity at 2,166 if it breaks above, with stop-loss at 2,200.
Left-side order: buy at 1,971, stop-loss at 1,936 if broken.
Resistance levels above: 2,071-2,125-2,166
Support levels below: 2,037-2,013-1,982

On the 4-hour chart, if it breaks below 2,018, look for 1,980-1,937. Bitcoin is currently moving within a cup-and-handle pattern, defending the 2,048 level. If it stabilizes above 2,048, it will challenge 2,092, ending the downtrend. There is a high probability it will test 1,990 below 2,048. As long as it breaks below 2,000, it will not only test 1,990 but also the lower boundary of the cup-and-handle pattern.
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