April 3rd Bitcoin and Ethereum Market Analysis: Key Points for BTC and ETH Today
Market Review
BTC remained range-bound yesterday, as expected, and the overall bearish trend remains unchanged. Currently, the 4-hour chart shows consolidation with weakening downward momentum, approaching the lower edge of the trading range. A small long position could be considered. The daily chart also shows range-bound trading, with the MACD indicating 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 is consolidating in tandem with BTC. The 4-hour MACD shows a slight decrease in momentum, and while the short-term upward channel remains intact, no clear signal has long. A slight long position is possible. The daily chart shows consolidation with weakening downward momentum, suggesting a potential slight rebound. Intraday focus should be on BTC's price action; short-term long positions may be considered, but the overall 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 2100-2150.
