Crypto Circle Academician: On 2026.4.8, Bitcoin's volatility correction momentum is prominent, moving averages support remains solid, and a new rebound wave is about to begin! Latest Market Analysis

Bitcoin's current price is 68,600. The recent trend of Bitcoin really leaves people puzzled. After a sharp decline from the high point, it has rebounded near the 60k level. The current price fluctuates around 68,600. Both bulls and bears are repeatedly tugging at key levels, neither willing to give in easily. Many traders are caught in chasing highs and selling lows, getting hit from both sides. Actually, this is the time that tests patience the most. Instead of frequent trading, it's better to watch more and act less. Wait for the market to give clear signals before taking action. After all, in a ranging market, observing is also a strategy—preserving capital to seize future opportunities.

Although the daily K-line has slightly retraced 0.30%, it successfully stands firm on the MA60 support. The MA20 and MA30 are gradually flattening, and the downtrend has completely ended. The MACD green bars continue to narrow, the DIF quickly crosses above DEA, and a golden cross is about to form. Northbound momentum continues to explode. The middle band of the Bollinger Bands at 68,390 provides strong support, the upper band at 71,541 is a medium-term target, and the solid support below at 59,800 indicates a bottoming and recovery trend. The overall picture shows a bottoming and rising pattern, entering a rebound cycle of oscillation and upward movement, with the potential to challenge the 72,000 level next.

The four-hour K-line has broken through the upper Bollinger Band, with short-term moving averages arranged upward. The MACD golden cross with increasing red bars indicates ample northbound momentum. However, the price is in the overbought zone and needs a correction. The key support at 67,500 on the MA60 line is crucial; if a pullback does not break below it, the rebound can continue. If it falls below, the range-bound movement will resume. The middle band of the Bollinger Bands at 68,248 provides strong support, with the upper band at 70,202 acting as resistance. The short-term trend is biased bullish. The price is between the middle and upper bands, clearly trending upward in the short term. The rebound trend continues, and each pullback is an opportunity for northbound movement.

Short-term strategy reference: Follow the larger cycle trend, keep stops tight, and enter and exit quickly.

Support levels: 67,600 to 67,800 with a stop loss at 67,000; target 68,500 to 69,500, and if broken, look for 70,500.

Resistance levels: 70,000 to 70,500 with a stop loss at 70,800; target 69,000 to 68,500, and if broken, look for 68,000.

Currently, market uncertainty is high. It is recommended to mainly observe or test with less than 10% of the position, strictly stop-loss, avoid heavy positions, and do not operate emotionally.

The crypto world has always been about the early prophets eating the meat, the latecomers drinking the soup, and the unaware taking the bag.

Specific operations should be based on real-time market data. For more information, contact me. The article may have some delay in publishing; it is for reference only. Risk is on the user.