April 7th BTC Market Analysis

The strategy I shared yesterday was that as long as the price doesn't break below 68,300, it will continue to rebound and move upward. This morning, the price reached 68,300 twice without breaking below, forming a support level at this position. Currently, a rebound is underway. The movement is exactly in line with our yesterday's expected analysis.

The overall trend remains unchanged, still primarily characterized by wide-range fluctuations. On the daily chart, attention should be paid to whether the EMA30 line can hold above the trendline, and whether the 69,900 level can be maintained. If it holds, the price will likely move within the 71,600-74,600 range.

From the 4-hour chart perspective, the bullish momentum is not yet fully exhausted, indicating there is still room to go higher. As long as the price does not fall below 68,300 intraday, it will continue upward.

Support: 68,300-67,000
Resistance: 69,900-71,600

$BTC