#BTC Wednesday Night Bitcoin and Ethereum Latest Analysis and Outlook for April 1st

It's normal for the market to go up and down; don't panic just because of a temporary decline. Stay calm, avoid impulsive actions, and take your time. As long as you don't let emotions drive your decisions, you'll eventually find the right opportunity. Looking back at the afternoon, Bitcoin started to decline from 69,310, with the lowest point at 68,389. Currently, it is fluctuating in the 68,400-68,600 range. Ethereum followed Bitcoin's lead, peaking at 2,157 before dropping, with a bottom at 2,124. It is now oscillating around 2,130. Continue to hold short positions!

Based on the current market, on the four-hour chart, Bitcoin faced resistance around 69,310 and continued to decline, with downward pressure persisting. The middle band of the Bollinger Bands is acting as resistance, the channel is narrowing, indicating a potential reversal to the downside. MACD is below the zero line, showing that bearish momentum has not fully released. On the hourly chart, after a brief rally, prices quickly pulled back, with bullish momentum exhausted. Moving averages are turning downward, with significant selling pressure at high levels. RSI and KDJ are showing death crosses at high levels, indicating overbought conditions and a correction. Short-term moving averages are trending downward, and the medium-term bearish structure remains unchanged.

April 1st, Wednesday Night
BTC: Short around 69,200, target 67,500
ETH: Short around 2,160, target 2,080