FX.co ★ Trading Signals for BITCOIN on April 1-3, 2026: sell below $69,732 (200 EMA - 3/8 Murray)

Bitcoin is trading around $68,750, above the 21-day SMA, with a bullish bias but showing signs of exhaustion. Bitcoin is currently within a downtrend channel and may be setting the stage for a decisive breakout.

Bitcoin tested the top of the downtrend channel around $69,000 and is showing weakness, so we believe there could be a technical correction in the coming days.

If Bitcoin falls toward the 21 SMA zone around $67,468, this could be seen as an opportunity to buy, with targets at the 200 EMA around $69,732.

A decisive break of the bearish trend channel and a consolidation above the 200 EMA could negate Bitcoin's bearish scenario, and we could expect it to reach the 4/8 Murray level around $75,000.

Conversely, if Bitcoin falls below the 21 SMA, we could expect a bearish acceleration, with Bitcoin reaching $65,000 and potentially hitting the 2/8 Murray level around $62,500.

Our trading plan for the coming hours is to wait for a technical correction toward $67,000 and then enter long positions.