4.4 Saturday Early Morning Bitcoin and Ethereum Latest Ideas and Analysis

A day in the crypto world is like a year in the human world. What we want is not the illusion of overnight riches, but the courage to break the shackles of class. Looking back at Friday, Bitcoin oscillated from the early low of 66,282 up to the evening high of 67,370, then settled at the current level of 67,020. Ethereum started from an early low of 2,040, oscillated upward to a high of 2,081 in the evening, then came to the current level of 2,055.

The four-hour chart shows this move was quite ugly. Old Lei watches the candlesticks, and his only feeling is — the rebound is fake, the drop is real. Look, the price struggled upward for a few days, but when it reached around 69k, it didn’t even stay there for a decent moment before being pushed back, leaving a long upper shadow. What does this mean? It indicates heavy selling pressure above, and the bulls can’t stand firm. Old Lei doesn’t complicate things with indicators; he just states the simplest truth: if the trend is downward, don’t fight it. Until a volume-confirmed bullish candlestick stabilizes above the moving averages on the four-hour chart, every rebound is a chance to escape. If you want to go long, wait a bit more. At this position, Old Lei is only bearish and not looking to go long.

Early Morning Trading Ideas
Bitcoin around 67,500 can be shorted, target 66,000
Ethereum around 2,070 can be shorted, target 1,980#Gate广场四月发帖挑战