April 8: BTC and ETH Market Analysis and Trading Suggestions:
Bitcoin:
Currently, BTC has reached the key resistance level of $115,000. Focus on the resistance range of $115,000-$116,000 during the day. If there is an unexpected breakout in the $116,000-$117,000 range, caution is advised, but the rebound momentum is expected to be limited, so it is not advisable to be overly optimistic. The weekly chart indicates that this week may see a rebound followed by a decline.
Key resistance levels: $115,000-$116,000 (major), $116,000-$117,000 (minor)
Support levels: $113,500 (first support), $112,500 (strong support)
Trading suggestion: Consider short positions near $115,000-$116,000 on a rebound, and if it breaks below $113,500, look towards the $112,500 support level.
Ethereum:
ETH has simultaneously rebounded to the resistance level of $3,560. Focus on the resistance range of $3,560-$3,630 during the day. The current technical indicators show that the rebound momentum is weakening, making this area suitable for short positions.
Key resistance levels: $3,560-$3,630
Support levels: $3,450-$3,500 (first support), $3,380-$3,420 (strong support)
Trading suggestion: Consider short positions near the current price of $3,560-$3,630, and if it breaks below the $3,450 support, look towards the $3,380-$3,420 range. A rebound to $3,450-$3,500 could provide another opportunity for short positions.
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