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BTC ETH evening thoughts on April 4th
From the 1-hour chart, the Bollinger Bands of BTC show an overall downward trend, indicating that the short-term market structure is still biased towards a bullish advantage; however, at the same time, the Bollinger Band channels are gradually narrowing, and the bandwidth is continuously compressing, representing a significant reduction in market volatility and a cautious sentiment. The forces of bulls and bears are currently in a tug-of-war state, and there is a lack of clear breakout direction in the short term, leading to a strong atmosphere of wait-and-see.
In simple terms, it is currently a state where "the bulls haven't left, and the bears don't dare to enter." The market lacks explosive power, and to establish a trend, we still need to wait for a surge in volume or a catalyst from news.
Personal suggestion
BTC: 114600-115200 to enter, target looking down at 112500, if it breaks down look at 110000.
ETH: Enter the market at 3570-3600, target looking down at 3420, if it breaks, look at 3300.