The area around 81000 is the dividing line between bulls and bears, with the chips distributed in the consolidation zone all above. Currently, it has been tested three times: 81200 last night, 80500, and 80800 this morning. After being blocked, it has started to move downwards with the first target at 77500. We will observe the performance nearby to determine whether it will consolidate or break below.

Market analysis for April 8:

Currently, the K-line price is oscillating at a high level with some pullback pressure. A long upper shadow has appeared on the daily chart, indicating heavy selling pressure above. The MACD in the hourly chart is in positive territory but shows a trend of gradual contraction, which may indicate weakening momentum. The MACD on the daily chart remains negative, showing an overall bearish market sentiment.

The RSI on the hourly chart is close to the neutral zone and has not entered the overbought or oversold areas, suggesting it may continue to oscillate in the short term. The RSI on the daily chart is slightly leaning towards bullish, but there are no clear trend signals.

After the EMA7 and EMA30 crossed on the hourly chart, they began to flatten out, and the EMA120 is far from the current price, indicating an unclear short-term trend. The EMA on the daily chart shows a downward trend, suggesting that long-term pressure still exists. Based on the comprehensive analysis, it is recommended to set up short positions for future market operations.

Bitcoin operation suggestion: set up short positions near the 81000—80000 range, take profit at 77500—76800, stop loss at 82000.

Ethereum operation suggestion: set up short positions near the 1640—1600 range, take profit at 1470—1430, stop loss at 1680.

I have been focusing on mainstream cryptocurrency market analysis for a long time, sharing daily points. The market is constantly changing, and strategies have a time sensitivity; if the direction is wrong, the effort is in vain! The market is like a battlefield; the general is very important!! Researching market analysis only predicts the direction, and the strategies provided are for reference only! Each person's position, price, and risk tolerance, as well as investment trading cycle, are completely different, so personalized advice cannot be made. Investment carries risks; please proceed with caution.