Crypto Radar: Market Resists US$ 66,000 with Extreme Fear
Wednesday, April 1st, 2026. Bitcoin faces another session of selling pressure, trading at US$ 66,944 with a 2.0% decline in the last 24 hours. The technical scenario shows consolidated bearish structure, with the asset trading below the 20 and 50 period moving averages for consecutive weeks.
The Fear & Greed Index marks 12 points, remaining in extreme fear territory. Historical data indicates that prolonged periods below 20 points often precede significant reversals, but timing remains uncertain while macro pressure doesn't diminish.
Deteriorated Technical Structure
Bitcoin's technical analysis reveals a concerning scenario. The asset broke the support of US$ 68,232 and now tests the critical region of US$ 65,970. RSI at 41 points suggests there's still room for decline before reaching oversold conditions.
More alarming is the distance between the moving averages. The SMA50 is 23.8% below the SMA200, signaling a structural bearish trend that could persist for quarters. According to CoinDesk data, this technical configuration "raises the risk of a crash below US$ 60,000".
Análise Técnica — Bitcoin
Declining volume confirms lack of buying interest. Without a strong fundamental catalyst, the next relevant support sits at US$ 62,000, a zone that coincides with the 61.8% Fibonacci extension from the last significant high.
Ethereum: Relative Stability Amid Chaos
Ethereum demonstrates greater resilience than Bitcoin, trading at US$ 2,061 with a 4.4% daily decline. The difference in performance reflects the more defensive positioning of ETH holders, traditionally less speculative than BTC holders.
Technically, ETH maintains position between the 20 and 50 period SMAs, a configuration that suggests indecision. RSI at 44 points offers room for both upside and downside, depending on the next catalysts.
Análise Técnica — Ethereum
The resistance at US$ 2,139 remains unbreakable for 12 days. A break above this level could signal ETH decoupling from Bitcoin, a move that historically precedes altseason rallies.
Macro and Regulatory Landscape
The external environment remains hostile for risk assets. As reported by CoinTelegraph, the combination of "unstable American economy, private credit stress and geopolitical conflicts impacts the chances of Bitcoin reaching US$ 75,000".
On the regulatory front, the CFTC intensifies its offensive, prosecuting three American states for attempting to regulate betting markets. This escalation of regulatory tensions adds uncertainty to the sector, especially for platforms like Polymarket, which expands into stocks and commodities.
Positive for crypto infrastructure: Coinbase obtained initial approval for a banking charter, strengthening its institutional custody division. Moves like this indicate that despite price volatility, institutional adoption advances.
Asset Movement
Among today's gainers, VVV leads with 5.3%, followed by RENDER (+4.8%) and STABLE (+4.6%). The performance of the decentralized rendering sector reflects growing demand for AI and metaverse infrastructure.
On the negative side, UNI plummets 13.6%, a direct reflection of the problems faced by DeFi. ENA (-10.8%) and CHZ (-7.2%) complete the trio of biggest losers, sectors that depend on positive sentiment to perform.
Stablecoin Quotes
The stablecoin market undergoes significant reorganization. Data shows that total supply reached US$ 315 billion in Q1, with USDC gaining ground while USDT loses market share. For Brazilian investors, this dynamic directly impacts conversion rates.
Key Prices
The total market cap of US$ 2.30 trillion represents a 8% contraction compared to March peaks. Daily volume of US$ 98.75 billion indicates still robust activity, but concentrated in defensive moves.
Bitcoin's dominance at 58.2% remains elevated, typical of bearish markets where investors seek the sector's most liquid asset. Ethereum with 10.8% dominance reflects pressure on altcoins, which historically only recover after BTC establishes solid ground.
What to Watch Tomorrow
- Bitcoin's critical support at US$ 65,970 — breakdown could accelerate move toward US$ 62,000
- Ethereum's resistance at US$ 2,139 — break up would signal important relative strength
- Trading volume — increase needed to confirm any directional move
- Fear & Greed Index — readings below 10 historically mark local bottoms
- Regulatory developments in the US — CFTC escalation may impact sentiment
Disclaimer: Crypto Radar is published daily by the ON3X team exclusively for informational purposes. This content does not constitute investment recommendation. Do your own research before making financial decisions.