With the swing of the tariff stick on April 7th, the global financial market plummets, and Bitcoin will hit new lows (rebound is a short opportunity)

Under the pressure of U.S. tariffs, the weekly K update shows Bitcoin has dropped as much as ten percent, and Ethereum has fallen by twenty percent, with the market being bloodied by bears.

After the current weekly K update, Bitcoin is operating near the lower Bollinger Band. Although the TD indicator has reached TD9, both MACD and KDJ indicators continue to show a bearish volume trend. Moreover, there are not many favorable news from the U.S. this month, and the monthly K-level trend is beginning to change. If Bitcoin strongly breaks below the key support level of 73500 again this week, the monthly K-level downward trend can be basically confirmed, and the market will continue a one-sided trend for the next few months. Therefore, the probability of the weekly K TD indicator lagging to TD13 will increase again. The current weekly K-level strong resistance reference is in the 81500-82500 range. If this week’s rebound cannot stabilize above this resistance level, Bitcoin will continue to decline and test the monthly K Bollinger Band middle support at 67000.

On the daily chart, after a rebound on the evening of April 7th, Bitcoin quickly retraced after hitting the MA5 daily moving average resistance. Indicators such as MACD and KDJ are resonating and showing a downward trend, while the MA30 daily moving average shows a downward pressure sentiment, indicating strong resistance above. The current weekly K-level strong resistance reference is in the 81500-82500 range; if the rebound is unstable, maintain a bearish outlook.

On the 4-hour chart, after a recent rebound, the K column shows an upper shadow. Although there was a rebound sentiment on the hourly level, there is strong resistance on the daily and weekly K levels. Therefore, from April 7th to early morning, my personal view remains to maintain a high short operation during the rebound.

Trading strategy: Bitcoin: 80500-81500 range. Target: 78500-76500. A spike could be seen at 75000. Stop-loss: 82500.

Although Ethereum's short-term trend synchronizes with Bitcoin, the monthly K-level has experienced five consecutive declines. Overall, the trend is quite poor, so the perspective remains to focus on rebounds and continue to short.

Trading strategy: 1620-1660 range. Target: 1550-1500. A spike could be seen at 1450. Stop-loss: 1680.

For the short term, we will see here first, and I will continue to provide updates.