April 13 Afternoon BTC/ETH Market Forecast and Analysis

1. BTC
As of midday, BTC reached a daily high of 71,423.9, dipped to a low of 70,458.2, and is currently quoted at 70,720.6. After an early surge, it faced resistance and pulled back; in the afternoon, it continued to fluctuate and weaken. However, the 70,000 level provides very strong support, making a short-term break difficult. Overall, the structure shows a high-level pullback and range-bound oscillation, with bulls still having strong resilience at key levels.

- Core volatility range: 70,300-71,000, with strong support locking in the 70,000-70,300 range. The first resistance level is 70,900-71,000, and the strong resistance is 71,300-71,400 (early high).
- Direction judgment: Short-term oscillation is slightly bullish, with difficulty breaking the 70,000 level. If it stabilizes after a pullback to 70,300-70,500, a rebound may begin; only an extreme volume breakdown below 70,000 would open a larger downside space, which is highly unlikely.

Trading ideas:
- Long position: Consider entering longs on a pullback to 70,300-70,500, with a stop loss below 69,900 (below the 70,000 level). Target 70,900-71,000, and if broken, hold for 71,300.
- Short position: Only attempt shorting on a weak rebound to 70,900-71,000, with a small position, stop loss above 71,400, targeting 70,500-70,300. Quick in and out, avoid holding positions for too long.

2. ETH
ETH moves in tandem with BTC, with a daily high of 2,218.00 and a low of 2,180.24. It has pulled back after rising, following BTC’s decline, but supported by strong support at BTC’s 70,000 level, with the 2,150 level also offering very strong support. Breaking below is difficult; overall, ETH is moving in sync with BTC in a volatile range, with limited downside space.

- Core volatility range: 2,160-2,195, with strong support at 2,150-2,160. The first resistance level is 2,190-2,195, and the strong resistance is 2,210-2,215 (early high).
- Direction judgment: Short-term oscillation is slightly bullish, with difficulty breaking the 2,150 level. After a support pullback and stabilization, it will follow BTC’s rebound. Only in extreme cases will it break below 2,150, which is highly unlikely.

Trading ideas:
- Long position: Consider entering longs on a pullback to 2,160-2,170, with a stop loss below 2,145 (below 2,150). Target 2,190-2,195, and if broken, hold for 2,210.
- Short position: When facing resistance at 2,190-2,195 during a rebound, try a small short, with a stop loss above 2,215, targeting 2,170-2,160. Quick in and out.