$BTC April 3rd Afternoon Bitcoin and Ethereum Latest Ideas and Analysis

Bull markets profit from sentiment; bear markets profit from cognition. Don't blindly rush in at the peak, and don't panic sell at the bottom. Trend is king, risk control is key. Only by staying alive can you wait for the next wave of prosperity. Looking back, the price started to decline after reaching a high of 67,090 this morning, falling to 66,282. Currently, it hovers around 66,800. Ethereum followed Bitcoin's lead, peaking at 2,060 before dropping to 2,031. Now it remains around 2,060. Continue to hold the short position based on the morning’s bearish outlook.

The bearish signals are clear: short on rallies as the core strategy. Short-term rebounds are blocked, indicator divergence at the top, and correction momentum is being released. The trend is weaker than BTC, with a lack of rebound strength and nearby resistance. Capital is fleeing strongly, with lower highs, and the middle band of the Bollinger Bands pointing downward. The bearish trend continues. Every rebound is an ideal shorting opportunity. In such a weak market, just follow the trend for easy gains. Further analysis on the 4-hour chart shows strong and sustained bearish momentum.

Friday Afternoon, April 3
BTC: Short around 67,100, target 65,800
ETH: Short around 2,090, target 2,000