Crypto Circle Academician: Bitcoin's short-term stability at 3.9%—preparing for a surge? Latest market analysis and strategic insights

Bitcoin is currently priced at 66,900. It is now 2:30 AM Beijing time. Most market fluctuations are driven by risk aversion, with settlement day forex and concentrated futures positions. March's release exceeded $6 billion. This market selling pressure is ongoing, but on-chain data shows that Bitcoin's online sell-off has decreased by 89% compared to earlier periods. Combined with sideways trading at the bottom of the order book, a short-term rebound appears likely. The trading strategy should focus on a pullback followed by a northward move, emphasizing the main trend.

Before this report, the daily candlestick reached a high of 68,200 and a low of 66,500. The EMA trend indicator is contracting. The short-term resistance at EMA15 is 68,500, with medium-term resistance at the 70,000 level. MACD shows decreasing volume and momentum, with DIF and DEA contracting below the zero line. The Bollinger Bands have broken below the 67,500 level, with the upper band at 71,200 and the lower band at 63,800. Traders who haven't entered the market can watch for a breakdown below 64,000, while those already in position can hold with confidence.

The 4-hour chart shows alternating movements. The market has been trending south from the high point, consolidating below the EMA trend indicator at 68,200. MACD is shrinking, indicating decreasing momentum. With DIF and DEA below zero, the lower Bollinger Band middle line is at 68,600, and the lower band at 65,400. Considering various indicators, the overall sentiment is bearish. Most speculative funds are currently on the sidelines, as the main players haven't accumulated enough chips. Short-term, the market is likely to remain flat.

Short-term strategy reference: Since the market isn't 100% certain, always set stop-losses—safety first. Small losses are acceptable; large profits are the goal.

Support levels: 66,500 to 66,000, with a defense at 65,500 and a stop-loss of 400 points. Targets are 67,500 to 68,500, with a breakout target of 69,500 to 70,500.

Resistance levels: 70,500 to 71,000, with a defense at 71,500 and a stop-loss of 400 points. Targets are 69,500 to 68,500, with a breakout target of 67,500 to 66,500.

All specific operations should be based on real-time order book data. For more detailed information, refer to the latest articles. Note that article releases may be delayed; please assess risks accordingly.