April 6 Early Morning BTC/ETH Market Analysis



BTC and ETH experienced sharp upward movements in the evening driven by news stimuli, with trading volume significantly increasing. Bullish sentiment erupted intensely, entering a high-position trading cycle in the early morning. The 15-minute MA7 quickly crossed above MA30 to form a golden cross. After a substantial surge, RSI entered the severely overbought zone. The Bollinger Bands widened rapidly, indicating strong short-term bullish dominance. However, after overbought conditions, technical correction is highly likely. The trend is closely tied to developments in the Middle East situation. Overall, in the early morning, the market showed wide-range oscillation at high levels. Without further positive catalysts, a pullback from overbought conditions is expected to dominate. Attention should be paid to news developments and key resistance levels.

BTC Trading Suggestion: Range around 68,000-68,500, target 66,500-67,000, risk control above 68,800

ETH Trading Suggestion: Range around 2,070-2,090, target 2,030-2,050, risk control above 2,100
BTC0,26%
ETH-0,35%
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BtcXiaoHevip
· 6h ago
Pin
Satellite BTC
xh12
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