April 3rd Morning Bitcoin Outlook: Geopolitical tensions are not over, and the bears are still in control!

It's quite straightforward. With the Middle East geopolitical situation repeatedly disrupting the market, global risk appetite remains weak. Without any significant positive catalysts, bulls can't gain momentum and it's difficult to break through strongly. The trend is still downward.

Looking at the hourly chart, the price fell in a series of consecutive declines to the lower band, then bottomed out and rebounded. Afterwards, it oscillated around the middle band with small fluctuations—small candles and small candles sideways consolidation. The Bollinger Bands are also tightening. This rebound is just a technical correction after a sharp decline, not a trend reversal. Don't be fooled. Overall, the outlook remains bearish. When the price rebounds to resistance levels, consider shorting with high confidence; the strategy remains unchanged.

Short at around 73,000, target 64,800! #Gate广场四月发帖挑战