3.4 BTC ETH Market Analysis and Trading Strategies

The current market is in a range-bound consolidation, with BTC moving back and forth between 65,000 and 70,000.
On the daily chart, the overall trend remains bearish, with the 5, 10, and 20-day moving averages all trending downward. Prices are under pressure below all moving averages, and rebounds should be viewed as a trap for late buyers. Without a firm hold above the 68,500–70,000 zone in the short to medium term, a reversal cannot be confirmed.
The 4-hour chart shows a downward channel, with resistance at 68,500–70,000 and support at 65,000–66,000.
The RSI is in a bearish zone but not oversold. The MACD remains below the zero line with ongoing bearish momentum. The Bollinger Bands are opening downward, indicating the trend remains bearish.
On the 1-hour chart, moving averages are converging, with a temporary balance between bulls and bears. Short-term trading should adopt a range-bound approach.
Today’s trading strategy continues to focus on buying low and selling high within the range.
$BTC Trading Strategy
Buy at 65,000–65,500, with a stop loss below 64,500, targeting 68,200–69,000
Sell at 69,000–69,500, with a stop loss above 70,300, targeting 66,500–65,700
$ETH Trading Strategy
Buy at 1910–1940, with a stop loss below 1890, targeting 1980–2030
Sell at 2040–2060, with a stop loss above 2080, targeting 1940–1910