April 9 Evening BTC/ETH Market Analysis

BTC and ETH continued their deep decline in the evening, with prices rising briefly before facing sustained pressure and falling back, quickly breaking below the support of the MA7 and MA30 moving averages. Bullish sentiment has completely receded, and the market has entered a rapid downward phase led by the bears. BTC dipped to around 70,609.5, while ETH touched a low of 2,158.01, followed by a slight halt and correction. On the 15-minute chart, both BTC and ETH showed a death cross with MA7 crossing below MA30. During the decline, trading volume continued to increase, Bollinger Bands widened rapidly downward, MACD green bars expanded, and bearish momentum dominated. The RSI entered oversold territory, indicating a short-term technical rebound is possible, but the overall downtrend remains intact, and the rebound is unlikely to reverse the medium-term bearish trend. The evening trend was mainly a sideways decline under bearish dominance. Resistance levels above could serve as entry points for short-term rebounds, while key support levels below need close attention for validity. Light positions betting on oversold rebounds should strictly control risk.

BTC Trading Suggestions: Enter short positions around 71,200-71,500, targeting 70,200-69,800, with a stop above 71,800. Try small long positions around 69,200-69,500, targeting 70,500-70,800, with a stop below 68,800. ETH Trading Suggestions: Enter short positions around 2,190-2,200, targeting 2,140-2,120, with a stop above 2,210. Try small long positions around 2,100-2,110, targeting 2,170-2,180, with a stop below 2,080. #加密市场小幅下跌