April 7 Evening BTC/ETH Market Analysis



BTC and ETH continued their sharp decline this afternoon, with prices repeatedly hitting intraday lows. The bullish sentiment has completely collapsed, and the market has entered a weak downtrend with unilateral selling pressure.

On the 15-minute chart, both BTC and ETH show a death cross with MA7 and MA30 lines continuously diverging downward. Prices are entirely below the moving averages, indicating that the bears are dominating the market. Meanwhile, trading volume has been steadily increasing with the decline, confirming the validity of the downward trend. Short-term rebounds are weak, and the main trend has not reversed.

Evening BTC Trading Strategy: Light positions around 68,100-68,600, aiming for 67,200-67,000, with risk control above 68,800
Evening ETH Trading Strategy: Light positions around 2,085-2,100, aiming for 2,030-2,050, with risk control above 2,110#加密市场行情震荡
BTC-1.85%
ETH-2.42%
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