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April 1 $BTC Bitcoin and Trading Update
As of April 1, Bitcoin and trading updates, Coinbase discount is currently only $20-15, compared to the previous -$60, indicating a more neutral stance. Yesterday's ETF inflow exceeded $100 million, and Saylor's STRC purchase also surpassed $100 million.
Binance futures have sell limit orders around 70k (if Saylor's spot buy orders persist, these are likely fake orders to trap shorts and will be canceled), and buy walls at 66k have reappeared to support the market, so I need to place intraday limit orders above this level.
Core Focus Points
VAH= 70900
POC= 68900
VAL= 65900
Hourly trend signals are currently turning green at 65500 -> before invalidation, any pullback to VAL combined with a 4-hour green trend signal is a good entry point for longs.
1️⃣ Attempt to catch a higher low near VAL in case of negative news. I have set an intraday limit order there.
2️⃣ There are equal low points/liquidity targets below VAL, but between 63100 and 62400, there are still very short-term intraday opportunities. While unlikely in the short term, be alert for potential larger-scale sell-offs.
3️⃣ These are my large-level band limit orders for PML Bitcoin below 61k up to 58k+, aiming to harvest liquidity through a series of liquidations that wipe out stop-losses below 60k. However, the daily candle won't close below 60k unless the entire market continues to decline, possibly with the S&P 500 dropping below 6000 points and significant escalation in the war.
🅰️ The main resistance zone is around VAH near 71k, where I might look for shorting opportunities.
$BTC