April 5th, Sunday Bitcoin and Ethereum Morning Market Analysis and Strategy

From a technical structure perspective, on the four-hour chart, the current trading channel remains in a narrow downward trend, with prices continuously oscillating and weakening, showing no signs of a strong rebound; trading volume indicates a lack of bullish momentum, and the moving averages are diverging downward. In the short-term, the market is clearly dominated by a bearish trend, with insufficient rebound momentum.

On the daily chart, the downward trend of the trading channel continues, with prices remaining weak and consolidating. After a sharp drop from the upper-middle band, there has been no effective rebound or recovery; although the bearish volume has decreased, the downward trend remains unchanged, and the moving averages have not shown any signs of a bullish reversal. The overall trading strategy for this week is to look for short opportunities on rallies. Whether a rebound and recovery can occur in the future depends on whether prices stabilize at key support levels before considering further positions.

Trading Recommendations

Bitcoin: Suggest short positions around 67,500-68,000, with target zones at 66,500-65,500. If the price effectively breaks below support, further downside targets can be considered.

Ethereum: Suggest short positions around 2,070, with target zones at 2,020-1,970.