2026-02-04 05:07:53

April 2/4 Midday Bitcoin Public Outlook

Yesterday, after consolidation, Bitcoin broke down and fell sharply, directly breaking through the previous low of 74,500. Previously opened long positions were also liquidated, demonstrating that support is virtually meaningless in a downtrend. After breaking the low, it quickly rebounded and formed a piercing pattern, indicating it’s not a true decline but rather the main force harvesting liquidity near the previous low.

Currently, Bitcoin is rebounding. The key resistance is at 76,600: a breakout here would allow it to re-enter the triangle range, aiming for 77,400-78,500, with a volume breakout needed to pursue longs on the right side; if the rebound encounters resistance, it will test the 72,900 low again.
The bullish trend has been broken. Today, expect consolidation in the 76,600-74,500 range, likely until an evening breakout direction is determined.

Trading Suggestions:
- Break above 76,600 with volume → pursue longs on the right side, riding the rebound
- Break below 75,600 with volume, then rebound but fail to recover → pursue shorts on the right side
- Be sure to set stop-loss orders!

On the 4-hour chart, a break below 75,600 suggests a move down to 74,600-72,900.
$BTC #加密市场隔夜V型震荡

BTC-3.63%

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TheCryptoArmy

· 6h ago

To trade, you must ensure your long-term survival in the market. Mindset is the most important—don't get overly emotional. Don't go against the trend just because you're in a bad mood. Respect the market. A qualified trader is always fighting with themselves, not with the market. The market will only move in the direction it is supposed to.

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