On March 31, BTC Today's Market Flash: How to Break the Stalemate in a Cloudy Volatile Market?
At this moment, Bitcoin is stuck in a narrow range between 81500-83000 on the four-hour chart, with the MA7 dead cross MA30 pressure like an iron plate welded above 82800. The market treats the price like a kite, with two attempts over the weekend testing the 82000 support after weak rebounds, resembling a “broken kite.” The trading volume continues to shrink, with the VOL reduced to less than a third of the average line, and the MACD showing a shallow golden cross underwater, the bar is as thin as paper. This weak rebound is obviously a smokescreen before a massive short.
On the news front, it’s a powder keg, as Trump announced on April 2 to implement “reciprocal tariffs,” and this madman’s antics directly caused a crash in the US stock market, with Bitcoin failing to rise and again following the downward trend. If the 81k level is broken, the lower support at 76000 is likely to be lost. Even worse, next week SOL has a massive unlock of 360 million USD, and this selling pressure hangs over like a scythe; it would be a miracle if the main force doesn’t crash the market.
I examined the on-chain data, and this morning ancient whales that had been dormant for 5-7 years transferred 8000 BTC. These old foxes never bring good news when they act. The only hope for the bulls now is that the daily EMA300 at 80400 supports the bottom, but if this level is broken, it’s free fall; opening a position in the current market is like jumping off a building.
In terms of operation, I only believe in three things:
Place a spot order at 80400, pyramid adding positions every 500 USD drop, and directly lie flat if it breaks 78000.
Short positions should be prepared for rebounds in the 82800-83000 range, with a stop-loss at 83500, targeting the previous low.
Leverage should be kept below 3x; this type of grinding market has a liquidation rate worse than a bear market.
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