BTC Daily Close Update — April 3 — Weak Reaction, Downside Still in Play
Latest D1 close does not show a confirmed bottom.
Price attempted a bounce but failed to reclaim higher levels, closing weak near support. Structure remains bearish with lower highs intact and price still trading below the higher timeframe MA.
Momentum also supports this view:
- RSI remains below 50 → no strong buying pressure
- MACD still negative → downside momentum not exhausted
This looks like a failed reaction within a broader downtrend, not a reversal.
Key level:
65.6k — this is the current daily support.
Scenario:
- If 65.6k breaks → expect continuation
- Likely targets: 64k → 60k liquidity zone
A bullish shift would require a clean reclaim of 67.5k–68k and sustained acceptance above that region, which we have not seen yet.
For now, the market still favors downside continuation over reversal.