4.1 Wednesday midday Bitcoin and Ethereum latest market quotes and analysis

Markets are always born out of despair, rise amid hesitation, and are destroyed in madness. When everyone is panicking, hold tight to your chips. Looking back at the midday market, Bitcoin rose from a low of 67,578 to a high of 68,755, then came to the current level of 68,680. Ethereum closely followed Bitcoin's trend, rising from a midday low of 2,082 to a high of 2,144, then settled at the current level of 2,138.

As of April 1, Bitcoin on the four-hour chart shows a typical rebound encountering resistance and pulling back under pressure. Although the price briefly surged near 68,600 yesterday, it failed to break above the key resistance level. From a technical perspective, the market is not reversing but more inclined to oscillate downward after a high-level sideways move. Additionally, geopolitical tensions remain a sword of Damocles hanging over the market. High oil prices and rising risk aversion will suppress the valuation of risk assets. Despite expectations of geopolitical easing, market reactions are cautious. The current rally is more seen as a short-term response driven by macro news rather than a trend reversal. So, Lao Lei will provide a shorting strategy in the afternoon.

Afternoon trading strategy #四月行情预测
Short around 69,000 for Bitcoin, target 67,500
Short around 2,150 for Ethereum, target 1,980