Shanghai Mige, April 3rd Bitcoin Daily Trends and Contract Trading Strategies 1、 Analyzing daily trends 1. Current prices and overall trends Current price: The latest quote for Bitcoin is $66566.60. Trend Overview: The daily level of Bitcoin is in a weak and oscillating downward trend, falling back from the recent rebound high of $67400. As of the analysis time, the short-term has not broken through the key resistance level of $68000, and bears still dominate. The long-term moving average system shows strong pressure, especially as prices continue to hover below EMA24, with limited momentum from multiple parties and increased bearish risk. 2. Technical indicator analysis Moving averages: EMA5, EMA10, and EMA20 form a 'bearish alignment', with prices significantly lower than these moving averages, indicating a bearish sentiment in the market. MA50 and MA200 continue to show a suppressed state, indicating a weak medium to long-term trend. Bollinger Bands Performance: The opening of the Bollinger Bands has narrowed, and the current price is close to below the mid track and approaching the support of the lower track ($63800). If it falls below this level, it may trigger further selling. The price needs to break through the middle band of the Bollinger Bands (around $68000) to alleviate short-term pressure. MACD and RSI indicators: The MACD bar chart turns green, forming a dead cross signal, indicating that downward movement can continue. The RSI index is around 40, which is close to the oversold area, but there is no obvious sign of recovery, and the market is still in a neutral weak state. KDJ indicator: KDJ triggers a golden cross, indicating a potential rebound opportunity, but is hindered by key resistance areas, and the rebound strength needs further verification. 3. Support and Resistance Levels Support level: First support: $66000; Second support: $63800 (lower Bollinger Bands and psychological support). Psychological support: $60000. Resistance level: First resistance: $68000; Second resistance: $70500 (previously rebounding high). Strong resistance: $72000. 2、 Contract trading strategy 1. Short term trading strategy Short term operations mainly focus on high selling and low buying in the band, and should dynamically closely follow support and resistance levels while strictly controlling risks. Short selling strategy: Entry conditions: If the price rebounds to around $68000 in the short term and is blocked, open a short order to capture the pullback market. Profit taking target: First target: $66500; Second objective: $63800 (lower Bollinger Bands). Stop loss setting: above $68500 to avoid losses caused by trend reversal. Long strategy: Entry conditions: If the price rebounds to $66000 and successfully stabilizes, and a KDJ golden cross signal appears, combined with increased trading volume, light positions can be attempted for long positions. Profit taking target: First target: $68000; Second objective: $69500. Stop loss setting: below $65500 to avoid further deep drops that could result in losses. 2. Medium to long term trading strategy Suitable for traders who focus on trending opportunities, observe key areas for layout. Build long positions on dips: If the market further dips to $63800 or lower (such as $60000), you can lay out long orders in batches. Profit taking target: First target: $68000; Mid term goal: $70500; Strong target: $72000. Stop loss setting: If the price is below $62800, it is necessary to close the position in a timely manner to avoid the risk of further falling below the psychological barrier. Elastic short selling strategy: If the price quickly rebounds to between $70500 and $72000 but cannot break through, it can be considered to steadily add short positions. Profit taking target: First target: $68000; Second objective: $66000. Stop loss setting: above $72500 to ensure a safety margin. 3. Risk management and position control Position principle: The opening of a single position should not exceed 8% -10% of the account's funds, especially in the current unstable market conditions, where leverage should be minimized as much as possible. Dynamic adjustment strategy: Develop flexible plans and quickly adjust based on important economic data or changes in on chain behavior to prevent misjudgment of direction. High frequency strategy vigilance: During periods of extremely low trading volume (such as the Asian session), reduce the frequency of trading bands and focus resources on operating during periods of high volatility in Europe and America.