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Today is Good Friday, and the US stock market is closed for the day!
The overall market is unlikely to see too much movement. Speaking of Good Friday, there isn’t as much “hardship” for friends in the crypto circle recently. Trump’s remarks on the US-Iran war have been wavering, causing the market’s long and short sides to get whipped back and forth—using words to draw K-lines. Yesterday’s analysis already nailed down the bottom and top on the smaller timeframe. As long as everyone doesn’t get too caught up in the bigger picture, returns can still be made!
BTC
Currently, the larger-scale trend is still relatively weak. With the US stock market closed, liquidity is lower, and the market is in a ranging and consolidation phase. For intraday rebound, resistance is at 6730. If it can strongly break through and hold above this overhead pressure, then focus on 6880-7030. Conversely, for a smaller-timeframe pullback, watch the support in the 6500-6550 range. As long as this level isn’t broken, it will still rebound. Based on the current trend, breaking below this position is only a matter of time. At this point, only take light positions to game the move—mainly short. Shorts can be entered any time intraday above 6700. Do a good job of position and risk management.
ETH
For Ethereum, intraday rebound resistance to watch is 2075. On the downside, watch support at 2024. During the sideways consolidation, for short-term trading, look to do high-sell and low-buy around these two levels—make sure to protect yourself! If the rebound strongly breaks through 2075, you can chase shorts from the upside resistance at 2160-2200. If it can’t break through and instead pulls back, watch support below at 2024, with support at 1980-1930$BTC #Gate广场四月发帖挑战 .