April 3 Night BTC/ETH Market Strategy


Today at 20:30 Beijing Time, "Non-Farm Payroll Data Release," coincides with Good Friday and the US stock market holiday. Without US stocks as a reference, there is still a lot of uncertainty here, so let's proactively develop strategies based on technical analysis. This data reflects the overall trend throughout March following the US-Iran conflict. Remember, the previous data was bullish on rate cuts, but that night the crypto market experienced a sharp decline, mainly driven by concerns over inflation fueled by high oil prices at the time. Tonight, after the data is released, will the Federal Reserve lean towards rate cuts or hikes? Let's wait and see.
BTC: The morning strategy was perfect, providing a long entry at a low position and a target of 67,150 for a short. We are still waiting for the night session to confirm the news. Data-driven markets tend to fluctuate up and down, so good entry points are especially critical. To leave room for market reactions, I set strict entry levels. If it dips, watch for potential pinpoints to the lower areas of 62,880-64,135-65,400, which form two box ranges. For short positions, monitor whether the night session offers opportunities at 68,300-69,000.
ETH: Currently trading within the 2038-2075 range, moving sideways with oscillations. This remains the main zone from previous setups, with many options available. Upward targets are 2075, 2100, and 2139. Downward targets are 2015, 2000, 1965, 1940, and 1912. The market is quite volatile. On smaller timeframes, there is a support level indicating a pause in decline, but on larger timeframes, it still belongs to a downtrend continuation. As we approach 20:30 tonight, market signals should become clearer.
ETH0,68%
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