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【April 4】Bitcoin / Altcoin Market Trading Strategy
Bitcoin Quick Review: Range-bound oscillation, buy the dip and sell the rally, bouncing back and forth, neither bulls nor bears are feeling satisfied
Daily Chart: Bottoms are weak, moving averages overhead, MACD shows no bullish crossover, RSI has no clear direction
Key Levels:
66,000: First support level, a break below could lead to a sharp decline
67,000: Resistance level for a rebound, only a confirmed break above indicates a true rebound
4-Hour Chart: Just rebounded but was pushed down again, 66,500 barely holding, unable to break 67,400
1-Hour Chart: Rallied then flattened out, oscillating between 66,500 and 67,500, MACD decreasing in red bars, upward momentum weak
Long-term cycle remains weak, short-term rebounds lack strength. Don't get caught up, wait for a breakout.
April 4 Bitcoin Trading Strategy:
1. Short near 66,900, protect at 67,500, target around 66,300
2. Long near 65,500, protect at 64,500, target around 67,400
April 4 Ethereum Trading Strategy:
1. Short near 2,075, protect at 2,120, target around 2,020
2. Long near 1,980, protect at 1,940, target around 2,060