2026-04-02 04:53:16

$BTC /USDT Technical Analysis (1H Timeframe)

Bitcoin is currently showing strong bearish momentum, trading around $66,367 after a sharp rejection from the $69,300 resistance zone.
The price has broken below key support levels and is now trading under all major EMAs (5, 10, 20), which indicates short-term downside pressure. The recent bearish candles with strong volume suggest continued selling dominance.
Key Levels to Watch:
Support: $66,200 → If this level breaks, next target could be around $65,500 – $64,800
Resistance: $67,400 – $67,800 → Immediate rejection zone near EMAs
Market Structure:
Lower highs and lower lows forming → clear downtrend
EMA alignment is bearish (short-term below long-term)
Scenario:
As long as price stays below $67,800, bearish continuation is likely
A strong reclaim above EMAs could signal a short-term relief bounce
Conclusion: Market is currently bearish, and traders should be cautious. Look for short opportunities on pullbacks unless a clear reversal structure forms.#AprilMarketOutlook

BTC-2,23%

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cosmo

· 10h ago

Ethereum's hourly head and shoulders bottom shows strong resistance around 2,200, but it may not necessarily test that level. Whether it tests or not, it’s okay to wait a couple of

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