April 8th, Thursday early morning BTC/ETH analysis
The bearish momentum is dominant, with prices repeatedly losing support of the moving averages. The MACD green bars are lengthening, indicating the downtrend is still ongoing. Currently, it is recommended to stay on the sidelines or take a light short position when encountering resistance during a rebound. Wait for the market to stabilize or show clear bottoming signals before considering a shift in position.
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April 8th, Thursday early morning BTC/ETH analysis
The bearish momentum is dominant, with prices repeatedly losing support of the moving averages. The MACD green bars are lengthening, indicating the downtrend is still ongoing. Currently, it is recommended to stay on the sidelines or take a light short position when encountering resistance during a rebound. Wait for the market to stabilize or show clear bottoming signals before considering a shift in position.
Bitcoin range: 92,000-92,500, target 89,500
Altcoin range: 3,190-3,210, target 3,050