4.3 Friday Morning Bitcoin and Ethereum Market Analysis and Trading Suggestions

Friends, the market has been completely sideways—really exhausting to watch, with no signs of a rally at all! Starting from midnight, there was a small rebound, with Bitcoin reaching a high of 67,400 and Ethereum climbing to 2,073. After that, it was endless tug-of-war, and market sentiment remained subdued throughout.

To summarize the reasons: on one hand, the residual momentum from yesterday’s sell-off has yet to dissipate; on the other hand, it coincided with Good Friday and the US stock market being closed, leading to a liquidity shortage, which directly locked the market in a range-bound consolidation. Currently, the market is still in a phase of sideways correction.

On the 4-hour chart, after a brief dip to the middle band, the candlesticks continued to decline, with a retest of the support zone still ongoing. However, the MACD lines are running parallel below the zero line, and the decreasing volume of bearish candles indicates that the bearish momentum is weakening. After a correction, the market may gradually strengthen.

On the hourly chart, the price repeatedly oscillates around the middle Bollinger Band, with multiple tests of support and successful stabilization. However, since the three Bollinger Bands are running parallel, it suggests that short-term consolidation and correction will continue.

For the upcoming trading plan, continue to follow the midnight strategy: look for long positions on dips.

Bitcoin around 66,300, target 67,500
Ethereum around 2,030, target 2,090