Midnight BTC/ETH Market Outlook:



The market has been shaken throughout the day, oscillating around 67,500 and 66,500. Overnight, with Iran's apparent backing down, the market experienced a rebound. Whether this ends the war or not remains uncertain. Today is April 1st, April Fools' Day—hopefully not a big joke played on everyone. Anyway, I still hope for world peace, after all, cannon fodder is ruthless, and life only happens once…

My outlook remains primarily bearish overnight. Chasing the rally here is not suitable. I've been using this chart for a few days. The upward trend line from the previous rebound after the 62,400 support has not yet been tested. After the high of 75,900, the market retraced from the previous rebound at 72,000 high, and the descending trend line has not been broken. So, the overall approach remains bearish.

Bitcoin is focused on the 68,500 and 70,000 levels. Consider shorting around these points. Support levels below are 67,500, 66,500, and around 65,000.

Ethereum is currently testing near the middle Bollinger Band on the daily chart. Resistance above is at 2,130 and 2,160. Consider shorting around these levels. Support below is at 2,080, 2,030, and around 1,980.

The situation is turbulent and unstable. The impact of news is limited. Therefore, in terms of trading, keep positions small, strictly set manageable stop-losses, and try to participate cautiously. Do not get overly emotional! #Gate金手指 $BTC
BTC2,25%
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