$BTC CryptoLiying: April 1st Bitcoin (BTC) surged then retraced, encountering resistance at the Bollinger upper band. Bulls and bears fiercely battled at 67,900! Latest market analysis and trading suggestions

　　

　　Family members! After testing the Bollinger upper band at 68,160, Bitcoin faced selling pressure, forming a long upper shadow bearish candle. The MACD red histogram rapidly shortened, and the DIF line turned downward, approaching the DEA line. Bullish momentum is rapidly diminishing at high levels. However, the middle Bollinger band at 67,202 and the MA7 still provide short-term support. The bulls and bears are entering a heated battle phase. Liying reminds: Short-term volatility is increasing, so strictly cut losses and avoid blindly chasing highs or bottom-fishing.

　　

　　The distance between the Bollinger upper band at 68,160 and the lower band at 66,244 has narrowed after expansion. The price tested the upper band with a long upper shadow bearish candle but failed to break through, indicating very strong resistance at 68,000-69,000 USD. Currently, the price has fallen back to near the middle Bollinger band at 67,202. If it can hold above the middle band, bulls still have a chance to rebound; if it breaks below, it will return to weak consolidation. The short-term moving averages MA7 and MA30 are supporting from below, with MA7 still crossing above MA30, providing upward support. The medium-term MA120 is close to the current price, forming a strong short-term resistance. If broken and stabilized above, the bullish trend will continue; otherwise, a pullback is likely. The MACD indicator’s DIF is starting to turn downward toward DEA, indicating a significant decline in bullish momentum. If DIF crosses below DEA to form a death cross, it will confirm a short-term correction signal.

　　

　　Short-term trading strategies (Liying’s precise market alignment):

　　

　　Long position: 66,500 to 66,000, target 67,000 aiming for 68,500, stop loss 65,500

　　

　　Short position: 68,000 to 68,500, target 67,500 aiming for 66,600, stop loss 69,000

　　

　　Liying’s message: The crypto market is not short of opportunities; what’s missing is the eyes to see through the essence and the discipline to execute strictly. Stay calm, and you’ll be the last to laugh!

　　

　　Risk warning: The above analysis by Liying is based on real-time market data and is for reference only. It does not constitute investment advice. Trading risks are borne by the individual.