April 1st Bitcoin and Ethereum Market Analysis: Key Points for BTC and ETH Today
Market Review
BTC saw a slight increase yesterday, as expected. The overall bearish trend remains unchanged. The 4-hour chart shows consolidation with a slight upward bias, suggesting potential for further short-term gains. Those who entered long positions yesterday can continue to hold. The daily chart shows range-bound trading with weakening MACD downward momentum, indicating a potential rebound. The trading range is expected to be between 65,000 and 72,000; trading opportunities can be sought within this range.
ETH rose in tandem with BTC, but the 4-hour MACD momentum remains weak, lacking a clear signal, suggesting consolidation is needed. The daily chart shows continued consolidation with weakening downward momentum, indicating a potential for a short-term, slight upward move. Intraday focus should be on BTC's price action; wait for stabilization before making any decisions. The main trend remains bearish.
Intraday support and resistance levels for major cryptocurrencies:
Today's intraday market conditions: BTC support at 66500-67000, resistance at 69000-70000; ETH support at 2030-2060, resistance at 2130-2180.
