4.1 Morning Analysis

Bitcoin 1-hour surge to touch the upper Bollinger Band then quickly retraced and closed lower. The bullish momentum is clearly weakening, and the price has fallen below the short-term strong zone. The technical indicators show a lack of upward momentum, indicating a clear short-term bearish signal. From a news perspective, market risk aversion sentiment fluctuates, the US dollar index remains relatively strong, exerting pressure on risk assets; combined with recent macroeconomic data expectations being somewhat tight, the willingness to buy has cooled, and selling pressure is gradually emerging. Currently, the price faces resistance above the midline, with weak support below. In the short term, it is likely to continue retracing, so focus on key support levels below. If broken, the bearish space will further open.

Trading suggestion: 68,700-69,200, target 66,700-67,200. $BTC $GT