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Bitcoin and Ethereum Market Overview on April 8, 2025
Key Levels and Strategies for Bitcoin (BTC)
Technical Core
Support Level: $74,500 (key weekly support, recent low).
Resistance Level: $81,000 (long-term daily moving average pressure; a breakout indicates a short-term bullish outlook).
Current Status: Price rebounded to $81,000 and then retreated; whether it can stabilize will determine the short-term direction.
Trading Suggestions
Long Position: Buy lightly at $79,000-$79,500, stop loss at $78,000, target $81,000-$83,000.
Short Position: Short near $81,300, add to the position if it rebounds to $82,000, target $79,000-$75,000.
News Analysis
Bullish: Traditional institutions continue to position themselves (e.g., Bitcoin ETF gradually being approved), regulatory attitude is easing.
Bearish: Short-term capital outflow pressure ($158 million net outflow from ETFs in April).
Key Levels and Strategies for Ethereum (ETH)
Technical Core
Support Level: $1,540 (recent rebound starting point), $1,400 (previous low).
Resistance Level: $1,650 (daily strong/weak dividing line), $1,700 (strong resistance).
Current Status: Weak rebound to around $1,600; still bearish until it breaks the resistance.
Trading Suggestions
Long Position: Buy lightly at $1,540-$1,570, stop loss at $1,500, target $1,650.
Short Position: Gradually short at $1,650-$1,700, stop loss at $1,750, target $1,550-$1,500.
News Analysis
Bullish: Ethereum ecosystem upgrade (accelerated L2 expansion), some institutions optimistic about long-term value.
Bearish: Market funds leaning towards Bitcoin, lacking independent upward momentum in the short term.
Summary
Bitcoin: Keep a close eye on the $81,000 breakout; if it stabilizes, a short-term rebound is likely; otherwise, it will continue to test the lows.
Ethereum: Range-bound between $1,600-$1,650; do not easily anticipate a reversal until it stabilizes above $1,650.
Overall Strategy: Light short-term trading, strict stop-loss, pay attention to the impact of the evening U.S. stock market opening on market sentiment.
This article is independently written by the Coin Victory Group. Friends in need of current price strategies and solutions can find the Coin Victory Group online. Recently, the market has been primarily characterized by fluctuations, accompanied by intermittent spikes. Therefore, when making trades, remember to control your take-profit and stop-loss levels. In the future, when facing significant market data, the Coin Victory Group will also organize live broadcasts across the internet. Friends who wish to watch can find the Coin Victory Group online and contact me for the link. We mainly focus on spot and contract trading for BTC/ETH/ETC/LTC/EOS/BSV/ATOM/XRP/BCH/LINK/TRX/DOT. Our expertise includes mobile locking strategies centered around high and low support and resistance for short-term swings, medium to long-term trend trades, daily extreme pullbacks, weekly top predictions, and monthly head predictions.
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