April 7 Midnight BTC/ETH Market Forecast and Analysis

BTC surged to a high of 70,332.5 early in the session but faced heavy selling pressure, quickly dropping back and falling to around 69,200. It then oscillated within the 69,300-69,600 range. Currently quoted at 69,429.5, the overall decline from the high exceeds 900 points, indicating a significant weakening of bullish momentum.
- Key levels: Strong resistance at 70,000-70,300; support at 69,200-69,000. Currently in a correction phase after a high-level rebound.

ETH intraday trend: Following BTC’s surge to 2,174.07, it also experienced a deep correction, with a low of 2,122.15. The current price is 2,132.10, down over 50 points from the high, showing strong correlation but weaker rebound strength compared to BTC.
- Key levels: Resistance at 2,150-2,160; support at 2,120-2,110. In a short-term oversold weak recovery zone.

I. BTC

- Core range: 69,000-70,000
- Bullish opening strategies:
- Aggressive long positions: Enter in batches around 69,200-69,300, stop-loss at 69,000, target 69,700-69,900, break above for 70,000
- Conservative long positions: Enter around 69,000-69,100, stop-loss at 68,800, target 69,600-69,800
- Short strategies:
- Aggressive short positions: Enter in batches around 69,800-69,900, stop-loss at 70,100, target 69,400-69,200
- Conservative short positions: Enter around 70,000-70,100, stop-loss at 70,300, target 69,500-69,300
- Strategy summary: Expect high-level oscillation with a bearish bias overnight. Use both long and short positions, prioritize short opportunities, and strictly set stop-losses to avoid chasing.

II. ETH

- Core range: 2,110-2,160
- Bullish opening strategies:
- Aggressive long positions: Enter in batches around 2,125-2,130, stop-loss at 2,115, target 2,145-2,155
- Conservative long positions: Enter around 2,110-2,115, stop-loss at 2,100, target 2,140-2,150
- Short strategies:
- Aggressive short positions: Enter in batches around 2,150-2,155, stop-loss at 2,165, target 2,130-2,120
- Conservative short positions: Enter around 2,160-2,165, stop-loss at 2,175, target 2,135-2,125
- Strategy summary: ETH shows very strong correlation with BTC, following its trend. Rebound strength is weak; prioritize high-level short positions and low-level long positions, avoid chasing rallies and panic selling.