Let's eat pig trotter rice on the morning of April 4!

Market Dynamics Observation

1. Doubts about Main Force's Support

Despite last night's decline across the US stock market, BTC rebounded against the trend, and we need to be wary of the possibility that the main force is using liquidity to cover their selling. If the rebound lacks volume support, it may be a trap for the bulls.

Key Technical Signals

- Daily Level

- MACD is sticking below the zero axis, with an overall trend still leaning bearish, but we need to watch if it can form a golden cross breakout.

- Resistance Levels: 83,800 (short-term strong and weak dividing line), 84,600 (previous high neckline pressure).

- Support Levels**: 81,000 (psychological barrier), 80,000 (daily EMA120 strong support).

- 4-Hour Level

- RSI is hovering around 50, if it rebounds to the overbought zone (70+) it could strengthen the short signal.

- If it breaks below 81,000, it may accelerate the drop to 78,500 (Fibonacci 50% retracement level).

#### **Intraday Trading Strategy**

1. **High Probability Short Area**

- **Initial Short Position**: Enter around 83,800, stop loss at 84,800 (if it breaks the previous high, the trend strengthens).

- **Reinforcement Point**: 84,600 (add to short position, stop loss moved up 200-300 points).

- **Target**: 81,000 (first take profit), hold to 80,000 if broken.

2. **Bullish Defense Scenario**

- If the price stabilizes at 84,600 with volume, stop loss for short positions is needed, and a short-term shift to bullish view towards 86,500.

- If it sharply drops to 80,000, a light position can be taken to bet on a rebound (stop loss at 79,200, target 81,500).

Risk Warning

- Pay attention to the correlation with the opening of the US stock market in the evening; if market panic intensifies, BTC may follow with a further drop.

- Non-farm payroll data is approaching this Friday, volatility may increase, and positions need to be strictly controlled.

(Analysis is based on the current market structure; specific operations need to be adjusted according to real-time market conditions.)$BTC