#BTC Friday morning, April 3rd, Bitcoin and Ethereum latest ideas and analysis

No matter how cold the market is, stay calm, lighten your positions, and keep your rhythm. Stay patient; opportunities will always come to those who can wait. Looking back, Bitcoin started to decline after reaching a high of around 67,430, with a low of 66,596, currently hovering around 69,100-67,100. Ethereum is closely following Bitcoin’s trend, with a high of 2,077 and a low of 2,043, oscillating around the 2,050 range. Continue holding short positions from early morning.

Based on the current market, the four-hour Bollinger Bands show the price under pressure below the middle band, with the middle band trending downward and the lower band opening up, confirming a bearish channel. Short-term moving averages are arranged in a bearish alignment with a death cross continuing, indicating no strength for a rebound to break the moving averages. The three lines are diverging downward, overbought conditions have not reversed, and there is no divergence, so the downtrend remains intact. The hourly chart shows lower highs and lower lows, with weak rebounds and moving averages in a bearish alignment. The dominance is bearish, and after a rebound, the candles continue to narrow. The bullish momentum is only for oversold correction, and the larger timeframe remains bearish. Rebounds are still opportunities to short! The 67,200-67,500 range remains a strong short-term resistance. Ethereum is moving in sync, with the same strategy of high-level shorting.

Friday morning, April 3rd
BTC: Short around 67,000-67,500, target 65,500
ETH: Short around 2,060-2,080, target 1,980