April 3rd Bitcoin Market Analysis

Lack of rebound strength, clear bearish trend, it's the right time to short
The rebound is a trap, and the bearish structure is unbreakable
From the 1-hour candlestick chart, this rebound from 2,017 is essentially a technical correction after being oversold, not a trend reversal:
Moving averages are suppressing the price layer by layer: the long-term MA99 (2,075.98) forms strong resistance above the price, while the short-term MA7 and MA25 are flat near the current price level. The price has failed to break through the moving average bands effectively, forming a typical "rebound encountering resistance" pattern. The 2,060-2,080 range is a difficult ceiling to surpass.
Weak candlestick patterns: the rebound highs from 2,167.85 and 2,077.64 are continuously decreasing, showing a typical "descending flag" consolidation. After the consolidation ends, a new round of sharp decline will begin.
Trading suggestions:
Buy in stages around 2050-2060 (rebounds to the moving average resistance zone), add positions if it breaks below 2040.
Keep an eye on Bitcoin's overall trend; if Bitcoin rises, reduce positions early to avoid risk! $ETH