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 65,00
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