April 6 Evening BTC/ETH Market Forecast and Analysis



BTC's intraday high of 70252.9 forms a strong resistance zone, with 68740.2 as the intraday strong support. Currently, the price is pulling back from the middle of the range, with the hourly chart showing consecutive declines, indicating that the bears are dominating the short-term trend. The moving average system is showing a short-term turn downward, and the price has broken below the short-term moving averages. The rebound faces obvious resistance; if it cannot quickly reclaim the 70,000 level, the correction will continue.

1. BTC Evening Trading Strategy

- Strong Resistance: 70,000 (psychological level), 70252.9 (intraday high)
- Strong Support: 69,000 (intraday consolidation center), 68700 (intraday strong support)

Long Entry Strategy
- Entry points: Buy in batches around 68800-69000 (intraday support level, previous platform support)
- Stop Loss: Below 68500 (breaks strong support, trend reversal for bulls)
- Take Profit: First target 69600-69800, second target 70000-70300

Short Entry Strategy
- Entry points: Short in batches around 69800-70000 (rebound resistance, psychological level)
- Stop Loss: Above 70300 (breaks intraday high, invalidates bearish trend)
- Take Profit: First target 69000, second target 68500-68200

Tonight, BTC is expected to fluctuate within a high range and then decline. Strictly follow the range-bound strategy of selling high and buying low, avoiding chasing rallies or panic selling. If the price stabilizes around 68800-69000 support, consider light long positions. If it rebounds to 69800-70000 and faces resistance, consider short positions. Use tight stop losses, control position sizes, and wait for a breakout of the range to maximize profits.

2. ETH Evening Trading Strategy

- Strong Resistance: 2170 (near intraday high), 2174.07 (new stage high)
- Strong Support: 2130 (intraday moving average support), 2110 (intraday strong support)

Long Entry Strategy
- Entry points: Buy in batches around 2130-2135 (intraday moving average support, lower end of range)
- Stop Loss: Below 2115 (breaks previous support, trend reversal for bulls)
- Take Profit: First target 2160, second target 2185-2200

Short Entry Strategy
- Entry points: Short in batches around 2160-2165 (rebound resistance, below previous high)
- Stop Loss: Above 2175 (breaks intraday high, invalidates bearish trend)
- Take Profit: First target 2130, second target 2095-2105
BTC-0,79%
ETH-0,76%
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