4.3 Market Outlook Last night, our multi-coin strategy once again gained momentum, and this week's trading plan is also wrapping up early! Looking forward to seeing you next week! Today, Bitcoin continued its short-term decline and consolidation, with moving averages exerting continuous resistance on the market. Funding rates and overall market sentiment remain bearish, with buying momentum from bulls being relatively weak. The high interest rate expectations from the Federal Reserve combined with geopolitical tensions have significantly suppressed risk asset sentiment, resulting in a generally weak and volatile market. Key support and resistance levels: Short-term support at 66,500; if broken, likely to test 65,000. Resistance at 68,000; a volume breakout is needed to open the upside space, targeting 71,000. Trading suggestions: Consider going long near 65,500 with a target around 68,000; if support at 66,000 is broken, consider shorting with a target around 65,000. Be cautious on Friday, strictly implement stop-loss strategies, and control position size and risk. #Gate广场四月发帖挑战 #加密市场行情震荡 #国际油价走高 #BTC #ETH

I'm just checking the BTC chart and it's the same story again. The king of cryptocurrencies can't stay above $90k. Yesterday around 5 AM UTC, it touched $90.2k, but that was weak. By midday, selling pressure intensified and everything dropped. Now it's trading around $86.8k — nearly a 4% drop from the daily high. I see a series of large red candles that have absorbed all of yesterday's gains. This is already the third or fourth false breakout this month. In early December, the bulls managed to break through $90k and even touch $93k, but they couldn't hold it. A week later, another attempt, this time reaching $93-94k, but again the same selling pressure. Now, every rebound lacks volume. It seems the buyers have already grown tired. Trader friends say that the chance of a return to $95k this year is only a few percent. Honestly, the market structure looks weak. The bulls lack the strength to change anything in this situation.