$BTC $ETH

Early market analysis and forecast

From the four-hour level, after a day of adjustment, the BTC price has stood above the four-hour level 5 10MA. MACD and other indicators have formed a low golden cross, and the short-term four-hour level shows a bullish trend.

If the market continues to rebound, the short-term need to pay attention to the four-hour level 67753 pressure level, 67753 is the high point of the recent new low K line after the four-hour level falls below the 5 10MA moving average again. If 67753 is successfully broken, the next pressure level needs to pay attention to 70976, 70976 is the starting position of the four-hour level large-scale decline.

If the short-term four-hour level continues to fall back, it is necessary to pay attention to the low point of 63326 of the four-hour level rising through the moving average K line. If 63326 falls below the short-term BTC, it is likely to continue to test the support around the low point of 60660.

Although the current BTC price is running above the moving average, the rising volume is not strong. In the short term, we need to pay attention to the trend of BTC before confirming the direction. Today, we focus on the breakthrough and retracement above and below the four-hour level.

On the other hand, from the four-hour level, ETH's rebound is slightly stronger than that of Bitcoin. At present, ETH price is also running above the moving average, and MACD and other indicators also form a low-level golden cross. In the short term, the four-hour level shows a bullish trend.

From the figure, we can see that 3047.2 is the low point of the K-line above the four-hour moving average, which can be regarded as the first support level. If the market falls back and falls below 3047.2, we need to pay attention to whether the support near 2852 is effective in the short term.

If the market continues to rebound, we must first pay attention to the pressure level of the four-level large Yinxian high point of 3279.8. If 3279.8 is successfully broken through. In the next stage, we need to pay attention to the high point of ETH's large volume decline at the four-hour level, around 3532.5.

At present, ETH rebounds slightly stronger than Bitcoin, but there is no obvious increase in long volume. It is still necessary to pay attention to the subsequent trend of the currency price. Today, we need to focus on the breakthrough and testing of the pressure and support levels above and below.

There are still 5 days before BTC production cuts. The market's retracement before the production cuts is extremely similar to the trend before the previous production cuts, but the time period of the retracement is slightly different.

In the first two weeks of April, the liquidation volume of the Ethereum lending market exceeded any month since June 2022. The last month with a large liquidation volume was June 2022, a month after the collapse of the $40 billion Terra ecosystem.I guess everyone has some altcoins in their hands. If you want your altcoins to soar, Ethereum must rise. Many altcoins have plummeted in this round, and investors have suffered heavy losses. However, after a large number of liquidations in the Ethereum lending market, most of the bulls in the market have been washed out. This also reduces a lot of burden for Ethereum to overtake in the future.

At this stage, it is the middle of the bull market, and there are still many opportunities in the market. Recently, most friends have retreated a lot, but everything is possible in the bull market cycle.

That’s all for today. I wish all bosses good fortune~