Wednesday, 4.8, Bitcoin and Ethereum Latest Market Analysis and Outlook

When the wind rises, where are you? In the crypto world, one day is like ten years in the human world. Don’t just be a spectator liking stories of financial freedom. Awareness realization happens in this very second. Just do it!

Looking back at Tuesday, Bitcoin oscillated from a high of 70,351 at dawn down to a low of 67,732 in the evening, then moved to the current level of 68,169. Ethereum closely followed Bitcoin’s trend, oscillating from a high of 2,168 at dawn down to a low of 2,060 in the evening, then reaching the current level of 2,080.

Opening the four-hour chart, this trend looks quite weak. The recent rebound was quite impressive, but a closer look shows it didn’t even touch the halfway point of the previous decline — a typical weak rebound. The moving averages are still pressing from above; every time the short-term moving average tries to turn upward, it gets slapped down by the long-term moving average. As long as this bearish alignment isn’t reversed in a day, I wouldn’t dare to look at any higher targets.

What worries me most is volume. Over the past two days, each bullish candle has been shrinking in volume, clearly