Thursday afternoon, April 2nd, BTC Silk Share. Short-term outlook for the afternoon is a rebound, but the long-term trend remains unchanged!

On the daily chart, after forming a doji star, today’s market again shows a bearish volume surge, with a large bearish candle swallowing the previous two days’ rebound space. Currently, there are signs of a top-bottom reversal near $69,000. If the bottom cannot hold the lower support line effectively, it may turn into a bearish trend with further volume increase. On the four-hour chart, the four consecutive bearish candles have broken below the support of the small cycle upward channel, and the overall trend remains in a downward channel. This rebound can be seen as a phase of bottoming out followed by a corrective move. Meanwhile, the MACD indicator has formed a death cross, so in the near future, watch for continued bearish momentum after a rebound.

Trading suggestion:
Buy within the $65,700–$66,000 range, with a short-term target of $64,500.