Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Launchpad
Be early to the next big token project
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
BTC Morning Trading Plan for April 3rd
Hello, my friends. Regarding Bitcoin's recent trend, we already discussed this in detail with everyone half a month ago. Bitcoin is expected to reach around 76,000. Then, from 76,000, it should decline, and we believe it will at least fall to around 61,400. After that, a rebound is expected from around 61,400, followed by another decline that breaks new lows. This chart is something I shared with everyone during my live broadcast and videos half a month ago. During this process, we identified the first support level at 66,800–67,800, which provided a rebound.
Yesterday, in my article, I also mentioned the second support near 65,000, which also resulted in a rebound. Both rebounds were not very strong. To be honest, the strength was limited.🙂
So, going long from here would only yield about 1,000 to 2,000 points in profit. This level of profit isn't enough for me personally, but for many short-term traders, it’s considered a take-profit point. Therefore, I think these two support levels are still worth trading, and doing so is very reasonable. Because these support levels along the middle line should serve as additional profit zones for short positions during rebounds. While holding short positions, placing two long orders here is appropriate, and indeed, a rebound was achieved.
As for the rebound around 65,000, based on the early morning trend, it seems like it might break below 65,000. However, the current market is moving very slowly. These judgments may not be 100% confirmed because, after the slowdown, trading volume and overall market volatility are different from usual. This is my current view for the early morning. We will continue to analyze further as the market develops in the afternoon.