April 8 Evening BTC (Bitcoin) / ETH (Ethereum) Market Outlook and Trading Suggestions

I. Core Ideas

1. Market Review and Trend: Today, driven by news catalysts, prices started to surge early this morning. Bitcoin reached a high of around 72,700, and Ethereum touched 2,273. The bullish trend is clear, and early long positions have already realized significant profits.

2. Current Status and Risks: After a rapid short-term rally, prices entered overbought territory, facing technical correction needs. Absolutely avoid chasing high at the top to prevent being caught at a stage high.

3. Key Influencing Factors: The Strait of Hormuz-related news remains the core variable in the current battle between bulls and bears. Keep a close eye on news developments and adjust trading pace dynamically.

4. Main Trading Strategy: The overall approach is "trend-following, buy the dip and sell the rally," with early morning short positions held to profit from pullbacks, while waiting for low-entry opportunities after corrections. Do not go against the trend.

II. Trading Suggestions

BTC (Bitcoin)

• Holders (short positions from early morning at 71,700-72,100): Continue holding, target around 70,500. Partial profit-taking can be done at the target.

• Non-holders: Do not chase high; wait for a pullback to stabilize in the 70,000-71,000 range before adding long positions. Set stop-loss below 70,000.

ETH (Ethereum)

• Holders (short positions from early morning at 2,240-2,270): Continue holding, target around 2,150. Partial profit-taking can be done at the target.

• Non-holders: Wait for a pullback to stabilize in the 2,150-2,200 range, then lightly add long positions. Set stop-loss below 2,150.