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4.8 Someone Always Mistakes a Weak Rebound for a Reversal | Ultimately Losing So Much They Question Life
The market has already completed the rally phase | Entering a high-level sideways correction pattern
The four-hour chart peaked around 70300 and then continued to weaken, with the highs gradually declining. Selling pressure above is heavy, and the bullish momentum continues to weaken. Currently, it remains in a correction phase after the surge, and no new strong trend has emerged.
The one-hour chart found brief support around 67700, showing a small technical rebound in the short term, but the rebound strength is weak. Overall, it is being suppressed below 69000, indicating a weak correction rather than a trend reversal.
$BTC Trading Guidelines:
Aggressive: Short at 68500 directly
Conservative: Gradually short within the 69000–69600 range
Target: 67800 - 67200, with a break below looking at 66000
Stop-loss: Set according to your own risk management
‼️‼️ Risk Reminder: The above content is for reference only and does not constitute any investment advice. Please carefully assess your own risk tolerance, $BTC #Gate广场四月发帖挑战 #Strategy再增持4871枚BTC