4.4 Saturday Afternoon Market Analysis


ETH is approximately $2,050 within an hour, showing narrow fluctuations and weak consolidation. Short-term support is $2,040, with resistance at $2,100. MACD is bearish, trading volume is sluggish, and the short-term trend is mainly range-bound. Only a breakout above $2,100 or a breakdown below $2,040 will determine the direction. With the U.S. stock market closed, the overall market trading sentiment is becoming subdued. Against this backdrop, Bitcoin’s rebound potential is expected to be fairly limited, and the $67,500 to $68,000 range overhead is the main short-term resistance zone. If there is no new catalyst from news, it is likely to maintain a narrow range throughout the day.
BTC trading suggestions: Long at 66,300-65,500, take profit at 67,800-69,000, stop loss at 64,700
ETH trading suggestions: Long near 2,040-2,000, take profit at 2,070-2,130, stop loss at 1980$BTC $ETH
BTC-0,25%
ETH-0,84%
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granitevip
· 23h ago
Buy the dip 😎
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GateUser-e56dabd4vip
· 04-04 07:22
4.4 Saturday Afternoon Market Analysis
ETH around $2,050 within 1 hour, trading in a narrow range with weak consolidation. Short-term support at $2,040, resistance at $2,100. MACD is bearish, trading volume is sluggish, mainly consolidating in a range in the short term. A breakout above $2,100 or a drop below $2,040 will determine the direction. With the US stock market closed, overall market trading sentiment is becoming more subdued. Under this background, Bitcoin's rebound potential is expected to be limited, with the short-term main resistance zone between $67,500 and $68,000. If there is no new news catalyst, it is likely to remain in a narrow range today.
BTC Trading Suggestions: Long at $66,300-$65,500, take profit at $67,800-$69,000, stop loss at $64,700
ETH Trading Suggestions: Long around $2,040-$2,000, take profit at $2,070-$2,130, stop loss at $1,980$BTC $ETH
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