（April 4th Bitcoin Market Trend Strategy Analysis）

According to the Glassnode report on April 3rd, the 30-day volume-weighted price of Bitcoin has fallen below the 180-day volume-weighted price, forming an on-chain signal similar to a death cross. Historically, this signal usually indicates a potential bearish trend in the next 3-6 months, suggesting that current market momentum is weakening. Analyses from March 14th and March 11th showed a divergence where Bitcoin experienced a price increase while volume decreased during an upward trend. This situation often signifies insufficient upward momentum, which may lead to a pullback or sideways consolidation; the Williams indicator also indicates overbought risks, warranting caution against high-level pullbacks. According to data from March 18th, Bitcoin once dropped below 82,000, with a 24-hour decline of 1.92%, indicating significant short-term selling pressure. If the price cannot effectively break through the key resistance level of 84,800, it may continue a fluctuating downward trend. Recently, the price has seen a pullback at high levels, forming a large bearish candle, indicating market selling pressure. On the 4-hour timeframe, the price quickly dropped from a high of 88,500 to the current 82,804.32, showing a clear downward trend. The MACD remains in negative territory, and the histogram is gradually expanding, indicating strengthened bearish momentum. The RSI is currently hovering around 45, not entering the oversold area but has departed from the overbought area, showing a neutral to weak trend. The short-term EMA7 (82,982.53) is below the long-term EMA30 (83,664.87) and far below EMA120 (84,677.40), indicating an overall downward trend.

Bitcoin Trading Suggestion: Position short near the 84,200—83,500 range Target: 81,600—80,800

Risk Control: 84,800

Ethereum Trading Suggestion: Position short near the 1,860—1,820 range Target: 1,730—1,680

Risk Control: 1,890

Unpredictable events can happen at any time, so it must be remembered that investing in the crypto space always carries risks; the market has no new stories, just continuous repetition. Don’t expect to be correct every time; if you make a mistake, the quicker you stop losses, the better.

Researching market analysis only predicts direction; the strategies provided are for reference only! Each person's position, price, risk tolerance, and investment trading period are entirely different. Therefore, personalized advice cannot be given. Investment carries risks; be cautious when entering the market.