Crypto Ocean Wave: 4.11 Cryptocurrency Market Bitcoin (BTC), Ethereum (Latest Market Analysis and Insights

Crypto Ocean Wave: 4.11 Bitcoin (BTC) )Market Analysis Reference:
Bitcoin intraday price enters consolidation. From the short-term hourly chart, the 4-hour Bollinger Bands have shifted from expansion to flattening. The price is under pressure at the upper band and pulls back. The midline at 71,800 serves as short-term support, and the lower boundary at 70,500 is a defensive level;
After the MACD golden cross, the two lines are close together, and the histogram shrinks significantly. Bullish momentum is gradually weakening. The KDJ lines are turning down from overbought territory, showing signs of a death cross, while RSI is also falling, confirming a short-term correction trend.
On the 1-hour chart, the price is moving near the midline, with the upper band at 73,482 acting as resistance, and the lower band providing immediate support;
After the MACD double line death cross, it diverges downward with increasing volume, dominated by bears. The KDJ lines are at low levels, with J-value negative, indicating an initial oversold signal. RSI is also falling to a neutral-weak zone, showing ongoing downward pressure in the short term.
Overall, the 4-hour timeframe shows a clear correction trend, with bearish momentum dominating on the 1-hour chart. The short-term outlook suggests continued oscillation and decline, with strong resistance at 73,200-73,500, initial support at 71,800-72,000, and strong support at 70,500.
Given the weekend phase, trading strategies can involve shorting near resistance and going long near support within these ranges.
Crypto Ocean Wave: 4.11 Short-term Bitcoin Trading Reference:
Long positions: buy within 70,800-71,800, stop loss 500 points, target 72,000-73,000,
Short positions: sell within 74,000-73,500, stop loss 500 points, target 73,000-72,000,
Crypto Ocean Wave: 4.11 Ethereum (ETH) )Market Analysis Reference:
Ethereum’s movement is similar to BTC. On the 4-hour chart, Bollinger Bands have expanded then contracted and flattened. The price is trading between the middle and upper bands. The midline at 2,213 is short-term support;
After the MACD golden cross, the two lines are approaching each other, with decreasing bullish volume. Bearish momentum is gradually emerging. The KDJ lines are turning down from overbought territory, and RSI is also declining from high levels, indicating increased short-term correction pressure.
On the 1-hour chart, Bollinger Bands are contracting, with the upper band at 2,261 acting as strong resistance, and the lower band at 2,215 as immediate support;
The MACD shows a death cross extending downward with increasing volume, dominated by bears. The KDJ lines are at low levels, with J negative, signaling initial oversold conditions. RSI is falling to a neutral-weak zone, suggesting short-term downward momentum has not fully released.
Overall, the 4-hour chart indicates a clear correction trend, with bearish momentum dominating on the 1-hour chart. The short-term outlook is for continued oscillation and decline, with strong resistance at 2,260-2,265, initial support at 2,215-2,220, and strong support at 2,200.
Short-term trading can involve light short positions at resistance levels. After the 1-hour oversold signals stabilize, reassess for potential short-term rebounds, strictly controlling risk.
Crypto Ocean Wave: 4.11 Short-term Ethereum Trading Reference:
Short position: sell within 2,285-2,255, stop loss 30 points, target 2,235-2,185,
Long position: buy within 2,185-2,215, stop loss 30 points, target 2,235-2,285,
This content is originally shared by 【Crypto Ocean Wave】, representing personal opinions only. There may be delays in posting. For reference only. Do not operate blindly! Hope everyone can stick to their principles on the investment journey, regardless of market fluctuations, and stay rational and calm. )#美伊停火协议谈判再生变故 #以太坊基金会已出售3750枚ETH $BTC