Bitcoin Market Analysis: Asian market consolidates horizontally, European market declines under pressure, American market probes lower and rebounds, testing the $64,000 level again. The daily chart continues to run in a downward channel with consecutive negative closes, and is suppressed by the death cross of the two major moving averages, indicating a bearish overall trend. In the short term, the price shows strong rebound, with key resistance around $65,000 and support around $63,000. It is expected to adjust between these support and resistance levels in the early morning. The recommended approach is to maintain a predominantly short position with a minor long position. Subscribe to "Financial Retail Alliance" for more information. It is not advisable to blindly pursue short positions before the end of the month, as the listing of Huaxia Bitcoin and Ethereum ETFs on the Hong Kong Stock Exchange on April 30 is relatively positive and will also affect the overall direction of the cryptocurrency market.
Short-term resistance levels: $65,000/$65,500 Short-term support levels: $63,000/$63,500
Real-time Bitcoin trading strategy:
Short at the 64800-65000 range on rebound, with a target of 63800-64000, synchronized with Ethereum!
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