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Gu Jingci: Bitcoin/Ethereum expected to decline in the early morning session starting April 2nd.

2026-04-01 16:39:21
Shareshare
Bitcoin/Ethereum has been trading sideways since its rally last night and this morning, strikingly similar to the previous pullback from 2386 to above 2300, giving the impression that it's unable to fall further and is instead consolidating. However, the market has reached a critical juncture with resistance. The 8-hour Bollinger Bands are narrowing downwards, indicating potential for a short-term pullback. We repeatedly advised shorting last night, including during the morning rally. Just be patient and wait for the market to unfold. The overnight pullback is still expected to be downward. Last night's pullback and subsequent long entry suggestions were met with fear of further declines, and today's rally and short entry suggestions still raise concerns. Having respect for the market is good, but there's no need to overinterpret it. Proper position management is key. For those who missed the overnight entry, short positions can be entered at the current price of 68900 and 2140, with targets around 66000-67000 and 2000-2050 respectively. We're here every day, not to prove a high win rate, but simply to assure you that our team is always present, monitoring the market 24/7, professional and reliable. The analysis and strategies provided are for reference only. Please assume all risks. The review and publication of this article may not be timely; please refer to real-time updates.
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