April 7 Afternoon BTC/ETH Market Analysis

BTC and ETH both experienced a deep decline followed by a low-level consolidation and correction phase. After touching the recent lows, prices saw a slight rebound. Overall, the market remains in a weak consolidation pattern, with market sentiment gradually easing but not fully dissipated. On the 15-minute chart, both BTC and ETH show a golden cross signal where MA7 crosses above MA30, indicating short-term oversold rebound momentum. However, the MA30 moving averages are still diverging downward, and trading volume has not significantly increased, so the sustainability of the rebound remains to be seen. The short-term correction trend has not fully reversed; the afternoon is expected to see low-level sideways consolidation, with attention on the effectiveness of resistance at moving averages above and support below.

BTC Trading Strategy: Buy near 68,000-68,400, target 69,400-69,800, with a stop loss below 67,800; if the price breaks below 68,200, follow the trend downward, targeting 67,800-67,500, with a stop loss above 68,500.

ETH Trading Strategy: Buy near 2,080-2,100, target 2,125-2,155, with a stop loss below 2,070; if the price breaks below 2,090, follow the trend downward, targeting 2,070-2,050, with a stop loss above 2,110. #加密市场行情震荡