#BTC 4.1 Wednesday Early Morning Bitcoin and Ethereum Latest Analysis and Outlook

You think you're bottoming out, but you're actually catching falling knives. You think you're stopping losses, but you're actually cutting into meat. Looking back on the intraday trend, Bitcoin started declining from 68,408 in the morning, dropping to a low of 65,998, then rebounded to 67,767 before continuing downward, now hovering below 67,000. Ethereum also declined early morning from 2,092, reaching a low of 2,012, then rebounded back to 2,092 before falling again, currently oscillating around 2,060. The short-term trading idea remains to hold short positions.

Based on the current market, the four-hour MA5/MA10/MA30 are in a bearish alignment, with prices continuously under short- and medium-term moving averages. The Bollinger middle band is trending downward, and prices are unable to rebound between the upper and middle bands. MACD has a death cross below the zero line, with green bars expanding, indicating strong bearish momentum. RSI is in the 40–45 range, and the rebound has not crossed the 50 mark, indicating overall weakness. On the hourly chart, there is a weak short-term rebound, mainly favoring short positions. The four-hour chart shows a double top and a descending channel, with higher highs continuously decreasing. The market remains in a high short position mindset.

Wednesday Early Morning
BTC: Short around 67,500, target 66,500
ETH: Short around 2,080, target 2,000