Crypto Circle Academician: On April 3rd, Bitcoin daily bearish momentum remains unchanged, short-term reversal is unlikely, risk control is the priority! Latest Market Analysis

Bitcoin is currently priced at 66,800. The recent price movements have made many crypto enthusiasts love and hate it at the same time. After rebounding from the low of 59,800, it reached a high of 68,639. Many chased the rally and entered long positions, but yesterday it directly dropped by 1.92%, trapping all those who chased longs. The current price is fluctuating around 66,777, with both bulls and bears gathering strength. Coupled with tonight’s non-farm payroll data uncertainty, the market’s focus is on whether it will continue to decline or rebound and reverse. For retail investors, instead of guessing the top or bottom, it’s better to understand key technical signals, find good entry and stop-loss points, and manage risk effectively—that’s the most important thing to do right now.

The daily K-line moving average system shows a typical downward arrangement, with MA20, MA30, and MA60 all trending downward. The price is below the moving averages, facing strong resistance on rebounds. The MACD indicator’s DIF and DEA lines have a dead cross below the zero axis, with green bars continuing to expand, indicating persistent downward momentum. The Bollinger Bands are opening downward, with the price near the lower band. Strong support is at the 59,800 historical low, and resistance is at the 74,011 Fibonacci level. Overall, the daily chart is in a weak downward trend, making a large rebound unlikely in the short term.

The 4-hour chart shows a pullback after the previous rebound to 68,639, with MA20 and MA30 turning downward, forming short-term resistance. The MACD’s red bars are rapidly shrinking, and DIF and DEA are about to form a dead cross, indicating quick decline in upward momentum and dominance of the downward trend. The middle band of Bollinger Bands is turning downward; after breaking below the middle band, the price tested the lower support at 65,821. Resistance above includes the upper Bollinger band at 69,083 and the previous high at 75,998. The 4-hour timeframe is in a retracement phase after the rebound, with a short-term bearish bias. Key support is at 66,000; if broken, the price may decline to the 65,000–64,000 range.

Short-term strategy reference: Follow the larger cycle trend, with quick stops and entries.

Support at 65,800–66,000, stop-loss at 65,500, target 67,500–68,000, and if broken, look for 68,600.

Resistance at 67,500–68,000, with a stop-loss at 68,500, target 66,000–65,800, and if broken, look for 65,000.

The crypto world has always been where the early prophets eat the meat, the latecomers drink the soup, and the unaware end up holding the bag.

Specific operations should be based on real-time market data. For more information, feel free to contact me. The article may have some delay in publishing; please consider it for reference and bear the risks yourself.