$BTC 📊 April 5 Bitcoin Market Analysis & Strategy

BTC 🌕:
Short-term pullback from the high of 67,550, with a low of 66,734.5 before a slight rebound. Currently around 67,080.4. The Bollinger Bands are opening downward overall, with the price trading below the middle band, which continues to act as resistance at 67,168.9. The MACD lines are below the zero line; although the green histogram is shrinking, the bearish momentum has not been fully released. Trading volume is decreasing, making sustained rebounds difficult. Overall, the market is in a weak correction after a decline.
• Bearish logic: The price failed to break above the middle Bollinger Band at 67,168.9 during the rebound. The strong resistance zone is between 67,300-67,400. If the rebound is suppressed and the price falls back, the downtrend will continue. The first target is 66,500, with strong support at 66,000. A break below that could see further decline to the 65,500-65,000 range.
• Bullish opportunity: If the price increases with volume and breaks above the upper Bollinger Band at 67,366.6, and the MACD forms a bullish crossover, there is room for further rebound toward 67,800-68,000. If the rebound faces resistance, the price may continue to decline.
🎯 Main Strategy: Slightly Bearish
• Short entry zone: 67,300-67,500
• First target: 66,500
• Second target: 66,000
• Stop loss: 68,000