April 2 Early Morning BTC/ETH Bearish Outlook

Analysis

After this round of rebound reached 69288, the area above 69500 formed a strong resistance zone, and multiple attempts to break through were unsuccessful. Technical indicators continue to show overbought signals, with rebound momentum gradually weakening and a clear lack of upward strength. In terms of trading volume, the volume during this rebound did not increase proportionally, and market sentiment for chasing higher prices remains subdued. There is a lack of driving force to sustain the upward trend. Coupled with the profit-taking pressure from previous gains exiting the market, a short-term pullback is highly likely.

ETH's movement is highly correlated with BTC, rebounding simultaneously to 2125.86, with heavy resistance in the 2150-2200 range. Although ETH's upward pace is decent, it lacks independent upward momentum. Once BTC faces resistance and pulls back, ETH is likely to weaken first. In the short term, the bearish outlook is clear and valid.

Yifan Trading Recommendations

BTC
Entry Range: 68900-69500, staggered short positions
Target Range: 68000-67500

ETH
Entry Range: 2130-2150, staggered short positions
Target Range: 2100-2080