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April 9 Afternoon BTC/ETH Market Outlook and Trading Suggestions
Market Analysis
The afternoon session continues to show a sideways correction pattern. BTC slightly dips but stabilizes around the 70,000 level. Short-term support remains, but trading volume continues to decline, indicating insufficient upward momentum. Overall, it is in a high-level consolidation phase. ETH's decline is more significant than BTC's, and the weak trend persists with continuous capital outflows. Short-term rebounds face resistance, mainly fluctuating within a weak range. Trading strategy core: avoid chasing highs, trade with small positions, rely on key support levels for long positions, avoid contrarian short positions, and increase positions once the trend becomes clearer.
Trading Suggestions
Bitcoin (BTC)
Buy on dips and stabilize around 69,300-69,600, with targets of 70,500-70,800
Ethereum (ETH)
Buy on dips and stabilize around 2,130-2,150, with targets of 2,190-2,210