Market panic continues, with BTC dropping nearly $3,000 in a single day. Where is the market headed during the holiday?


Most of yesterday's Bitcoin and altcoin strategies were executed at the lows. Before going offline last night, I made a prediction that the probability of further sharp declines last night had greatly decreased. The localized conflicts did not effectively amplify market emotional trading. Last night, the market continued to fluctuate within a narrow range, which is highly beneficial for indicator recovery. After a night of correction, the 1-hour timeframe will see better consolidation, helping to absorb bullish and bearish momentum and making the market more stable.
In the next four days, all new lows are just paper tigers. Boldly positioning in spot at support levels is the top priority.
All dips are opportunities for initial long positions and adding to existing positions. It is expected that Monday will see a rebound demand, providing opportunities for profit-taking and reducing positions for protection. For now, just set the bait and wait for the fish to bite.
Support levels: 64,750 / 63,500
Resistance levels: 69,000 / 70,825
Currently, the key level is around 65,800. Yesterday’s initial position at 66,910 can either be protected with a stop-loss or added at support. The position entered at 65,750 yesterday has already been reduced for protection, so no need to mention that again.
ETH
Support: 1,915
Resistance: 2,150 / 2,225
In the coming days, especially with tonight’s non-farm payroll report, market volatility is expected to be intense, which is good. For example, hitting support levels and setting spot orders to enter the market. If there is no intense volatility, then the 1,990–2,000 range is an excellent entry point for initial positions.
Trading tips: control your position size well. No matter which way the wind blows, stay firm and unmoved. Never let the market lead you by the nose. Stick to your trading plan to stay invincible.
#Gate广场四月发帖挑战 $BTC $ETH $XAUUSD
BTC0,72%
ETH1,12%
XAUUSD-1,72%
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ybaservip
· 13m ago
2026 GOGOGO 👊
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Ryakpandavip
· 8h ago
Just go for it 👊
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IAmHaifengvip
· 8h ago
Market panic continues, with BTC dropping nearly $3,000 in a single day, holiday.
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