April 4th Bitcoin Market Analysis

DIF(-3.9) > DEA(-11.1), with both lines forming a golden cross below the zero axis, and the red momentum histogram beginning to appear, indicating short-term bullish momentum is being released and there is a need for a rebound from oversold conditions.
The price finds effective support around 65,600, with MACD forming a golden cross at low levels, suggesting an oversold rebound potential;
Short-term moving averages are converging, and the price is oscillating near the moving averages, leaving room for technical correction;
From the high of 69,288, a decline of over 3,000 points occurred, and after being oversold, buy orders are supporting the price.
Trading Suggestions:
Long positions: Consider reducing holdings in the 67,000-67,200 range to lock in profits and avoid larger losses if prices fall further;
Short positions: Hold existing shorts, with a stop loss at 67,500, and target between 66,000 and 65,600.