Market analysis on April 5:
Today, Bitcoin and Bitcoin have two different candlestick charts. We can see from the capital data in the figure below that BTC is still flowing in a lot today. There is strong buy order support at 67,500, while ETH is just the opposite today. There are short sellers at 3,300-3,375. Now let's see whether ETH will follow BTC.
From the news point of view, BlackRock IBIT's trading volume was US$1.69 billion yesterday, and the total trading volume of 11 Bitcoin spot ETFs rebounded to US$3.4 billion. From this perspective, the Americans are still long BTC, and Deng's view is that BTC is bullish in the short term. ETH will see whether it rebounds to 3,300. If it stands firm at 3,300 today, it will return to the upward trend. Otherwise, if it cannot defend at 3,300 points, it will be a wave of decline. This trend is contrary to BTC, and we have to consider whether Bitcoin and Bitcoin will follow BTC's trend in the future.
Stay calm and don't be swayed by emotions. In trading, emotions are your biggest enemy. Stay calm and don't be swayed by emotions such as greed, fear, and anxiety to make wise decisions. ——BN Lao Deng
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