The distance from 88600 to 77300 is merely four days, which is not just a concept of time; it also reflects the current changes in the external economy. After all, the drop of tens of thousands is something we absolutely cannot ignore. Many people are hoping for the return of a bull market, but this is a trap, a man-eating trap! My bullish dream was completely shattered half a month ago, which is why I shout to short day after day, rebound shorts, any shorts, hoping to save at least one!
Looking at it from another angle, the current price is just a step away from the arbitrary short target of 75000 we provided at the beginning of last week!
The overall returns are not very high because this is just an observation account that doesn't require too flashy performances; the real and substantial direction is what matters!
Market analysis for the morning session on April 7th, Monday
From a technical structure perspective, the weekly candle successfully closed as a bearish candle, and there is no doubt that the overall trend will continue to decline. In the short term, prices keep falling, and a slight rebound is just a round of downward movement. The bottom support has been ruthlessly crushed. After the early session's spike, it is now gradually rebounding and repairing. A sharp drop in the Asian session is not a good sign. We should still steadily pay attention to key levels during the day. Personally, I suggest that if the Asian and European sessions rebound above 80000, continue to short, along with the strength of the previous bottom support at 76000.
The early session is a transitional phase for repair; short-term positions can be taken on longs, but the overall thought process remains high shorts going down. $BTC " data-hashtag="#$BTC " class="tag">#$BTC
