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Bitcoin trading ideas on April 3 💰
🧐Market Analysis: The daily chart shows a bearish engulfing pattern. The U.S. tariff framework has triggered a sharp decline. The current rebound is a normal demand; short-term operations should focus on the results of breaking through the resistance area, and it’s best to follow the trend.
Analysis of trading plan:
1. Focus on the resistance results around 83500—84000. Breakthrough to chase the rise, and short when under pressure.
Contract Strategy
Specific product: Bitcoin
Direction: Short
Entry Point: 83500-83800
Stop loss point: 85081
Take profit level: To be determined