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April 5th BTC/ETH Market Strategy
The domestic holiday is still ongoing, but based on past experience, there will likely be some movement during Sunday night trading. The US and Iran are still making headlines around the pilot situation. Currently, the news is mixed with truths and falsehoods, all waiting for the dust to settle.
Bitcoin: Attempting to break above 67,150 today, but before gaining momentum, it pulled back. For now, 67,150 is the short-term dividing line. The upside target range is 67,150–69,000, and the downside areas are 65,400–64,100–62,900 in three segments. During this chaotic period, you can refer to the support and resistance levels on the chart to gauge bullish or bearish positions. Use the lines on the chart as your defense points.
Ethereum: Remains weak within the range of 2,038–2,075, with multiple recent attempts to break above 2,075 failing. Today, it broke below the midline at 2,055, retesting the lower support at 2,038. However, the bulls are still reluctant to give up. Tonight, watch whether the midline at 2,055 can be reclaimed. Short positions should use 2,075 as a stop-loss, and long positions should use 2,038 as a stop-loss. The market will give the final answer. $BTC $ETH