April 2 Midday BTC/ETH Market Analysis



BTC and ETH simultaneously experienced a sharp plunge, with prices falling sharply and then consolidating weakly at lower levels. The bullish sentiment has completely collapsed, and market panic is spreading. On the 15-minute chart, both BTC and ETH show a death cross of the MA7 and MA30 moving averages, with Bollinger Bands opening downward. Trading volume continues to increase as prices decline, dominated by bearish forces. The short-term downtrend is fully established, and the market continues to weaken midday, with attention to the stabilization of key support levels below.

BTC Trading Advice: Range around 67,200-67,800, target 65,400-66,000, stop-loss above 68,000

ETH Trading Advice: Range around 2,085-2,105, target 2,020-2,050, stop-loss above 2,115
BTC-1,54%
ETH-3,22%
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