Gujingci: 4.11 Bitcoin/Ethereum Morning Trading Strategy and Market Analysis

Bitcoin/Ethereum has been trading within a narrow range these days, with an overall upward trend of oscillation. As long as the rhythm is right, both bulls and bears can potentially seize good profit opportunities. Last night, the market surged again on news, but the upward momentum slowed, with clear resistance at the recent high points. The 4-hour candlestick chart shows that after prices surged above 2250 and 73,000, they pulled back into a bearish candle, with the closing price near the lowest point, further confirming short-term selling pressure.

On the daily chart, a long bullish candlestick has formed, but combined with the details on the 4-hour chart, it indicates that the upward momentum is weakening, and the bulls are encountering resistance after attempting to break through. The MACD indicator on the 4-hour level shows a clear bearish divergence, signaling potential correction risk. Trading volume has decreased compared to previous high points, and despite rising prices, volume has not effectively expanded, indicating a risk of volume-price divergence and supporting a correction outlook.

Morning trading suggestions: For Bitcoin, short near the current price of 72,900 to 73,300, with targets around 70,500 to 71,500; for Ethereum, short near the current price of 2,245 to 2,260, with targets around 2,150 to 2,180.

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