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April 2nd Kunpeng BTC Market Analysis: Breakthrough or Decline? 81 Rebound, where is the short-term defense?
Since March 31, BTC has seen a $4000 rebound. The strength of this rebound is moderate. Whether this rebound can continue depends on the short-term defense at 83500 points. If this position is lost, it indicates that the rebound cannot be sustained and will continue the decline towards 88000. The bulls need to rise back to 90000 for a chance to strengthen.
Overall, the trend is still in a consolidation at the four-hour level.
Wait for the big opportunity when the 4-hour center moves down (the last drop), or wait for a pullback after breaking 90,000. Keep waiting!