[Market Analysis on April 3, 2024]

[Opinion]: Look for a slight rebound during the day, but the daily line is bearish! Pay attention to the time level. The BTC market trend is weak and the bulls are weak. The daily line closed yesterday was very full, so the daily line level is mainly high-altitude! Looking at a slight rebound during the day, the risk of going long is relatively high, so you need to bring a good stop loss. Don't go directly to 68000-70000, otherwise there is a high probability that profits will be taken. At 8:35, I took the root and made a false breakthrough against yesterday evening's low. Take it back, as long as there is no larger volume that can directly engulf this one-hour K-line with a lower shadow line, the rebound will be the main thing during the day, and it is not appropriate to chase short directly!

Yesterday evening, I received a long order of LTC at 102, with a precise profit stop of 110! Logic for opening orders (false breakthrough is withdrawn, and a potential W-bottom pattern is created, there are reasons to open a long position, see the diagram below for details)

【Operation method】:

BTC: short between 66800-67500, stop loss 68800

LTC: You can continue to be bullish and use 98.5 as a stop loss

[Daily level]: Shorts are stronger than longs. It is temporarily unknown whether there are signs of stopping the decline at the daily level.

[Hourly level]: Although there is no sign of stopping the decline at the daily level, there is a false breakthrough and recovery at the hourly level. You can see a slight rebound, but you cannot see a breakthrough of 70,000.

[Summary]: Before breaking through the downward trend line, the high altitude is the main one, the high altitude is the main one, and the high altitude is the main one. Even if you want to open a long position at a low level, you cannot take a heavy position. The daily level decline is not over yet! Retracement to 60000-61000 is just a matter of time

(Note: The purpose of posting this article is to exchange valuable opinions and views with everyone, accept all guidance, just to make more like-minded friends, welcome the valuable opinions and views left by Lao Tie)