This week, the Bitcoin trend has been quite spectacular. After the morning opening, it directly hit the bottom at 81200. Following that, during the evening session, it surged to around 83800 with several strong bullish candles, and then it started to drop again during the night, reaching the current 82400. Monday's trend has also been fluctuating, resulting in the daily chart forming a doji. Today marks the beginning of April, and today's trend is very important. Here are a few key points to pay attention to.
79600, 78000, these are the positions where the lower channel is completely opened.
86700, 88000, these are the positions where it will continue to hover in the range of 80000-90000.
90700, 91600, these are the positions that will reopen the bull market to new highs.
If any of the above positions are broken, it could lead to new highs or new lows!
Based on my personal observation of the market for more than a month, I judge that a new high is unlikely to occur; instead, it will gradually decline amidst market fluctuations. I personally suggest that the market should still focus on short positions.
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