Bitcoin Market Analysis: Bitcoin halving has been settled, and the market reaction is flat. Buying on expectation and selling on fact, capital and institutional investors have already washed out in advance, leaving the scraps to retail investors. Bitcoin has experienced a downward probe and rebound, and the overall market is still in a triangular oscillation zone. After all, there has been no substantial breakthrough in either the upward or downward market. This means that Bitcoin is still in a bull market. As for whether it will usher in a second round of bull market, the author believes that it should not happen at least in April, after all, there is no subsequent heavy news stimulus. However, we can plan and wait for the arrival of the bull market in the medium to long term.

From a technical perspective, although the daily chart shows signs of a downward probe and rebound, the overall trend is still running within a downward channel, with the upper side still under pressure around the BOLL mid-rail at around $66,500. In the short term, the trend is evenly matched between long and short positions. In the short term, the European market is under pressure from a high, and there are signs of a pullback in the American market. The support around $65,200 should be watched below, and for the American market, it is recommended to sell on rallies.

Short-term upper pressure levels: $66,500/$67,000 Short-term lower support levels: $65,200/$64,500

Real-time Bitcoin trading strategy:

Sell directly near 66,200, with a target of 65,000-65,200, and synchronize with Ethereum!

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