Tuesday morning, April 7th BTC/ETH Market Analysis

From the current market situation, around 68,200 is both the previous short-term support level and the first clear sign of a bottoming pattern during this decline. After a rapid drop, the market did not continue to weaken, indicating that there is buying interest below. Although the short-term trend is still under pressure from moving averages, there are signs of convergence near the lower Bollinger Band. If the price can hold above 68,600 in the short term and gradually recover above 68,800, there is potential to further test the 69,000–69,400 region. Key support levels are at 68,200 and 67,800. As long as 68,200 is not effectively broken, the current outlook favors a consolidation at low levels followed by a rebound and correction, with a focus on buying on dips.

Trading suggestions:
Buy in the 67,900–68,400 range with a target of 70,500
Buy in the 2,060–2,080 range with a target of 2,200
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