The expectation of a ceasefire is growing stronger, and Friday's non-farm payroll data is triggering market volatility.


April 1st BTC/ETH Market Strategy:

Last night's market ruthlessly cleared out weak hands. I emphasized multiple times that there is no strong bearish expectation at this stage. Although the yellow-haired guy often talks but doesn't follow through, his statements at that level still carry influence. Since the U.S. wants a ceasefire, the possibility remains high.
BTC: Yesterday, it formed a wide-range consolidation below 67,150. As of this writing, the consolidation is still ongoing. Only when the price fully breaks above the 67,150-69,000 range and moves away from the lower zone can we be more optimistic about the so-called bullish trend. Currently, the near-term resistance is between 68,300 and 69,000. For shorts, use 69,000 as a stop and consider shorting below this level. Watch the 67,150 level for signs to add longs. In principle, after spending significant time and effort, bulls shouldn't let the price fall below 67,150.
Bullish space above: 69,000-71,400 (see chart)
Bearish space below: 65,377-66,300-67,150 (see chart)

ETH: Successfully broke through 2,075-2,100, but the pressure is continuous. Blame it on the fact that during the recent decline, too many positions were trapped. Reversing the trend requires time and volume. Near-term resistance is between 2,100 and 2,139. If ETH can't hold above 2,100, there's no need to worry too much; as long as it doesn't fall below 2,075, it's acceptable. The main bullish zone remains between 2,038 and 2,075. The first bullish target is 2,139. After breaking through, look at 2,139-2,171-2,197-2,215. For bears, use the near-term resistance as a stop and try to short accordingly. The levels are effective for both longs and shorts.
BTC2,73%
ETH4,12%
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