Morning Market Analysis on April 6

The market completed another cycle in the early hours, and the price of the coin did not show significant fluctuations. It peaked at around 106775 at midnight before facing resistance and began to retrace for correction. The smaller time frame shows a pattern of higher highs and lower lows, with the current minimum dropping to around 105200, which aligns with our early morning assessment. There is still downward demand in the short term, and the daily chart is forming a doji bearish candlestick pattern. Ethereum is still lagging behind, unable to keep pace with Bitcoin, with limited space given. Retracing for correction is a good move, and the daily chart shows a small doji candlestick; the morning strategy remains consistent with the strategy shared last night. Currently, there is a certain retracement in the price ratio, and Bitcoin can be entered without hesitation. We will watch the gain or loss at the 105000 level first. If it continues to decline, we may consider adding positions or reversing. We will flexibly apply strategies based on smaller time frame patterns and structures.

Trading Suggestions

Bitcoin can be bought in the range of 105200-104700, with a target near 107000;

Ethereum can be bought in the range of 2590-2560, with a target near 2680.