April 2nd Bitcoin and Ethereum Market Analysis: Key Points for BTC and ETH Today
Market Review
Yesterday's slight rise in BTC was in line with expectations. Trump's remarks in the morning caused a brief and rapid pullback, but the overall bearish trend remains unchanged. Currently, the 4-hour chart shows consolidation, with a slight break below the short-term upward channel. The downward momentum has not weakened, and we can wait for a decrease in volume before considering long positions. The daily chart shows range-bound trading, with the MACD showing weakening downward momentum, suggesting 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, then fell back in the same direction this morning. The 4-hour MACD momentum remains weak, with no clear signal, suggesting consolidation is needed. The daily chart shows consolidation with weakening downward momentum. 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 65500-66000, resistance at 68000-69000; ETH support at 2000-2050, resistance at 2130-2180.
