4.1 Wednesday Morning | Tang Long's Insights

A new month begins. Let go of the previous rhythm and steadily start April. Good morning, brothers.
Last night, after the market saw bulls and bears tugging, the bulls started to gain momentum, pushing Bitcoin up to around 68,500.
Although there was no breakthrough during the overnight retest, it has now already risen above 68,000, showing signs of further upward movement in the short term.
From a technical perspective:
The 4-hour chart shows continuous bullish candles moving upward, with the Bollinger Bands beginning to slightly open upwards. The moving averages are also rising, and overall indicators are leaning bullish. The small-term bullish pattern is quite clear.
However, one thing to note:
The current position is already at a high level, so blindly chasing the rally is not advisable. It's better to wait for a pullback for more stability.
Trading strategy:
If the price rebounds to 68,500–68,900 in the morning, consider a light short position to test the waters.
Pay close attention to the performance around 70,000 (a key dividing line).
If it cannot break through and continues to fall back, look for a target around 66,000.
If it stabilizes and breaks through, consider switching to a long position, targeting 69,000–70,000.
Summary in one sentence:
Don’t chase at high levels; wait for a pullback, and switch strategies flexibly. #BTC能否守住6.5万美元？ #以太坊基金会质押4620万美元ETH #TRUMP团队疑似抛售1606万美元代币 $BTC $GT $ETH