BTC: The monthly chart shows a long shadow bearish candle at a high position, breaking below the 7-day moving average. April will be a month of initial suppression before a rise, with the monthly chart expected to first correct down to around 75 before a rebound. The daily chart closed with a doji bullish candle yesterday, and overall the K-line maintains the momentum of the fifth wave's downward fluctuation. The upper 7-day moving average has formed a death cross and is extending downwards. In the short term, effective support on the daily chart is around 75. Looking at the 4-hour chart, the recent low is around 815, with a rebound near 815 yesterday, hitting around 84 before pulling back to 82 for continued rebound. There is still potential for a rebound during the Asian session. For today's operations, pay close attention to defending the 815 level below; if it breaks, further bearish outlook can be expected!
ETH: The monthly chart shows a long upper shadow and a bearish candle, with a very strong downward momentum. However, considering the overall monthly chart, the lower level at 1580 serves as the starting point of the previous bull market, with obvious support from capital. The Ethereum monthly chart needs to dip down to around 1580 to gather more chips, which will be beneficial for the upcoming upgrade of the Ethereum mainnet in April. April is likely to present a favorable situation for Ethereum, starting with initial suppression before a rise. Looking at the daily chart, the previous two days saw a halt in the downtrend at the 1780 level, with a slight rebound and a bullish close yesterday. Today's market continues the slight rebound from yesterday. However, the current market sentiment is filled with panic and risk-averse emotions, making it difficult for the short-term market to exhibit strong upward movement; currently, the overall daily chart still maintains a bearish trend. The 4-hour chart shows that the market has halted its decline in recent days, and the morning market continues the slight rebound from yesterday, with potential for further slight increases during the Asian session. For today's operations, key attention should be paid to defending the 1780 level below; if broken, further bearish outlook can be expected.
Altcoins: In an environment filled with panic and risk-averse sentiments, market liquidity will inevitably continue to weaken, and the altcoin market is unlikely to make any significant moves in the coming days. Focus should be on Ethereum's price action to determine whether to re-enter altcoins. The 1580 level for Ethereum is a good entry opportunity, which corresponds similarly for altcoins. Additionally, based on current market hotspots, strong altcoins can be targeted. The Trump family holds at least 60% of WLFI shares through a new holding company; in the subsequent market, projects involving WLFI can be closely monitored!