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April 5 Bitcoin Evening Public Strategy
The 15-minute MA5, MA10, and MA30 are in a short-term bearish alignment. The price is continuously running below the short-term moving averages, reflecting insufficient short-term bullish follow-through. Any rebound is only a technical repair, and there is no trend reversal signal.
On the 4-hour level, the MA system shows a bearish alignment. The price is under pressure below MA30. The Bollinger Bands are gradually narrowing, and the market has entered a consolidation and convergence phase. The upper band at 68200 forms short-term strong resistance, while the lower band at 66500 is the core support line.
Trading suggestion: Place short orders in the rebound zone around 67200-67500. Target 66800-66500
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