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The cryptocurrency market continued its downward trend today, with Bitcoin's lowest price falling below the $82,000 mark, reaching $81,710. Technical analysis shows four consecutive daily declines, and the MACD indicator remains in a bearish formation. The short-term support level has moved down to $81,000, and if it is breached, it may further test the psychological level of $80,000. The market is concerned that the upcoming tariff policies to be announced by the United States will exacerbate volatility, leading some investors to choose to stay on the sidelines.
Ethereum has performed weaker, currently priced at $1,812, marking the worst quarterly performance since 2018. It has fallen for seven consecutive days on the daily chart, breaking below the key support level of $1,850, with bear targets potentially pointing to $1,750. ETH ETF funds continue to flow out, institutional interest has weakened, and coupled with a sluggish L2 sector, there is insufficient momentum for a short-term rebound.
The overall market sentiment is extremely fearful (34). If BTC cannot stabilize at $80,000, altcoins may face greater selling pressure. However, some funds are shifting towards anti-dip coins like TON, indicating an intensifying market divergence.
Trading Advice: The current trend is bearish. In the short term, you may follow the BTC oscillation range of 81,000-85,000 and the ETH resistance zone of 1,750-1,900, with strict stop losses. Before the implementation of the U.S. tariff policy on April 2, it is advisable to maintain a light position or observe, and be cautious of potential black swan impacts from the policy.