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April 1st Bitcoin Public Strategy:
Cycle Structure (Core Shorting Logic)
1. Daily Chart - Mid-term Trend: Clearly Bearish
• Price trading below the 50/200-day moving averages (78,500/93,590), with moving averages in a bearish alignment
• MACD crossing below zero line, bearish momentum persists
• In a descending channel, highs continuously lowering, resistance on rebounds
• Key Resistance: 69,500-70,000 (Strong Resistance Zone)
2. 4-Hour Chart (Short-term Rhythm: Rebound to Short)
• Rebounded to 68,600 overnight and faced resistance, then declined — a weak rebound
• RSI approaching overbought, Stochastic turning at high levels, rebound momentum waning
• 10/20 EMA forming resistance; if rebound fails to break through, consider shorting
Trading Suggestion: Consider shorting on rebounds near 68,500-69,000
First Target: 67,500
Second Target: 65,500
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