BTC trading advice: short lightly on the rebound to 84,500-84,800, with a stop loss at 85,500 and a target of 82,000-81,500; if it drops back to 81,500-82,200, consider a short-term long position, with a stop loss at 80,800 and a target of 83,500! As of April 6, BTC is currently reported around 83,200 USD, fluctuating between 81,500-84,500 due to Powell's hawkish remarks and the CME quarterly settlement (worth 3.5 billion USD). On the technical front, the daily MACD death cross continues, with a clear pressure from the 4-hour Bollinger Band middle track (84,300), and the 1-hour EMA120 (84,255) being a key resistance for the rebound. If the support at 81,500 is lost, it may trigger a panic sell-off to 80,000. The spot ETF has a net outflow of 380 million USD in a single day, compounded by the sharp decline in the US stock market, intensifying liquidity risks. The upper level of 85,500 serves as a dividing line between bulls and bears. The current shrinking volume indicates that a change in trend is approaching. Do you expect a breakout on the rebound or a bearish squeeze?
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BTC trading advice: short lightly on the rebound to 84,500-84,800, with a stop loss at 85,500 and a target of 82,000-81,500; if it drops back to 81,500-82,200, consider a short-term long position, with a stop loss at 80,800 and a target of 83,500! As of April 6, BTC is currently reported around 83,200 USD, fluctuating between 81,500-84,500 due to Powell's hawkish remarks and the CME quarterly settlement (worth 3.5 billion USD). On the technical front, the daily MACD death cross continues, with a clear pressure from the 4-hour Bollinger Band middle track (84,300), and the 1-hour EMA120 (84,255) being a key resistance for the rebound. If the support at 81,500 is lost, it may trigger a panic sell-off to 80,000. The spot ETF has a net outflow of 380 million USD in a single day, compounded by the sharp decline in the US stock market, intensifying liquidity risks. The upper level of 85,500 serves as a dividing line between bulls and bears. The current shrinking volume indicates that a change in trend is approaching. Do you expect a breakout on the rebound or a bearish squeeze?