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2025.4.3 8:35 AM BTC/ETH market analysis
Last night, a wave of both long and short liquidations took down 3.62 billion CNY in liquidity, with 168,487 people going bankrupt to zero!
Last night, first plundering the shorts, then plundering the longs, a double kill for both sides. The market manipulator takes advantage of the highest attention to seek the greatest liquidity and obtain the maximum profit. As mentioned in yesterday's morning session, the market manipulator will definitely eat both sides rather than just one side to expand the profits on the other side. This does not align with the interests of the market manipulator. During events with high market attention, it is bound to be a moment of highly concentrated liquidity. How could the market manipulator let this moment slip by?
BTC attention
Support 79164-80751
Pressure 87467
Yesterday's analysis suggested that the probability of breaking below 80751-79164 is low, but there is a chance to reach the 82033-83315 range. Therefore, I chose to open the first position at the support level of 82700. The update provided in the evening focuses on the volume change at 85141 in the early morning. Currently, reviewing the early morning point, the drop was accompanied by an increase in volume, indicating that supply exceeds demand, and the bears have defeated the bulls!
The aggressive position of the watchlist player at 84055 has directly broken through with volume, which does not conform to the reversal volume signal. 85141 also does not conform to the false breakdown signal. The seat at 84055 early yesterday morning does not conform to the long signal!
On the contrary, last night was suppressed at 87467. After a significant breakout above 87467 touching 88547, it quickly dropped with an even larger volume breaking below 87467. This indicates an increase in selling, with bears gaining strength. The selling pressure above 87467 is too great, and if there is no larger demand to absorb the supply at this level, the bears outweigh the bulls, leading to a direct volume drop below, signaling the birth of a bearish trend!
ETH
Support 1753
Pressure 1912/1949.5
The trends of the two pancakes are basically consistent, and the levels during the day and last night did not show significant aggressiveness for the big pancake. Just now, the morning session has already suggested to exit immediately!
Therefore, the strategies from yesterday have all become ineffective. Currently, we are paying attention to the new low support test today, looking for opportunities, while also focusing on the emotional fluctuations in the Eurasian market today and the evening sentiments in the Euro-American-Asian triad!
Should we continue to dip or have a counterattack on Friday? In short, after last night's wave of the manipulator's double kill on both long and short positions, we have temporarily returned to yesterday's starting point. The price level is still the same, but if you didn't use a stop loss, your position is already gone. If you didn't take profits in time, it's now time to enter again and hold your position!
#GT