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April 3rd Bitcoin Market Analysis
Lack of rebound strength, clear bearish trend, it's the right time to short
The rebound is a trap, and the bearish structure is unbreakable
From the 1-hour candlestick chart, this rebound from 2,017 is essentially a technical correction after being oversold, not a trend reversal:
Moving averages are suppressing the price layer by layer: the long-term MA99 (2,075.98) forms strong resistance above the price, while the short-term MA7 and MA25 are flat near the current price level. The price has failed to break through the moving average bands effectively,
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April 3 Midday Bitcoin Market Analysis
As of 1:05 PM on April 3, the spot price of Bitcoin is $66,659.46, with a slight 0.36% increase over the past 24 hours. While it appears to be a minor rebound, it is actually a typical sign of a downtrend continuation.
Volume completely exhausted: The rebound has been accompanied by decreasing volume throughout, with current trading volume only one-fifth of its peak. A rebound without capital support is destined to be a "castle in the air," and a secondary decline is inevitable.
K-line pattern weakening: The rebound highs have continuously decreased from
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April 3rd Double Coin Market Analysis
As of 10:06 AM on April 3rd, the spot price of Double Coin is reported at 2049.27, down 2.25% over the past 24 hours. The 15-minute chart shows a typical bearish dominance with weak rebounds.
24-hour range: high of 2098.50, low of 2017.04, trading volume of 604 million.
Moving average status: MA(7) = 2,052.61, MA(25) = 2058.45, MA(99) = 2053.20. All three moving averages are above the price, forming resistance.
MACD confirms a bearish trend: both lines are below the zero axis, with green momentum bars continuously enlarging, indicating that the bea
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April 3rd Bitcoin Market Analysis
Short-term bearish signals are clear: the 67,000 level is under pressure, and a shorting opportunity has emerged.
As of 9:33 AM on April 3rd, BTC spot price is at 66,879.41, with a 15-minute chart clearly showing a lack of momentum for a rebound and a dominant bearish trend:
Key high and low points: this rebound's high at 67,430 and low at 65,712
Moving average status: MA7 (66,840.52) is flat, MA25 (66,903.05) is forming strong resistance, and MA99 (66,722.49) support is weakening
MACD confirmation: both lines are near the zero axis, with the green momentu
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