April 8 Early Morning BTC/ETH Market Analysis

BTC and ETH experienced a synchronized strong rally in the early morning hours, with prices quickly breaking out of the consolidation range and forming large bullish candles. The bullish sentiment fully recovered, and the short-term trend shifted from weak to strong. On the 15-minute chart, both BTC and ETH showed a golden cross signal with MA7 crossing above MA30. Trading volume surged significantly alongside the rally. The MACD indicator's red bars continued to expand, RSI rapidly rose into the overbought zone, and the Bollinger Bands opened upward with prices running along the upper band, indicating ample short-term bullish momentum. BTC reached a high of 68,979.5 in the early morning, while ETH surged to 2,114.75 before a slight pullback and consolidation. Currently, prices remain above the short-term moving averages, confirming a short-term bullish trend. After the early morning rally, the market is likely to oscillate at higher levels, with attention on the continuation after pullback support.

BTC Trading Strategy: Buy near 67,800-68,200, target 69,300-69,800, stop loss below 67,500

ETH Trading Strategy: Buy near 2,065-2,080, target 2,105-2,130, stop loss below 2,055