April 3rd BTC (Bitcoin), ETH (Ethereum) Ideas and Trading Suggestions

1. Market Analysis

BTC (Bitcoin)

Yesterday, BTC dropped sharply by 2.76 with high volume, clearly indicating a short-term bearish trend, and the correction momentum continues to release. The 67,500-68,000 range forms a strong resistance zone, repeatedly capping rebounds. Bulls are unable to mount a strong comeback, and market sentiment remains bearish. The first support is at 66,000-65,500; a break below could lead to further decline toward 64,800-64,500. Overall, the outlook is firmly bearish, favoring trend-following short positions, and avoiding blind bottom-fishing.

ETH (Ethereum)

ETH declined by 3.51%, showing weaker performance than Bitcoin, with bears fully dominating the market. The current rebound strength is less than BTC’s; during market pullbacks, ETH was the first to break down, indicating strong capital outflow. The 2,100-2,130 zone is a strong resistance, with limited rebound potential. The first support is at 2,000-1,980; a break below could lead to further decline toward 1,950-1,920. The strategy is to follow the trend and remain bearish, mainly taking short positions, and avoiding bottom-fishing.

2. Trading Suggestions

BTC (Bitcoin)

Sell in batches on rebounds around 67,300-67,600, with targets at 66,200-65,800; a break below targets 65,000.

ETH (Ethereum)

Sell in batches on rebounds around 2,100-2,120, with targets at 2,000-1,980; a break below targets 1,950.