4.20 Monday morning BTC, ETH outlook



In the early hours of April 20th, Bitcoin fell from 76,200 to a low of 73,700.

It is currently stabilizing around 74,300; Ethereum is moving down in tandem, dropping from 2,348 to 2,251.

Looking at the market, the four-hour medium-term bullish structure remains intact; the moving averages are still in a bullish alignment. This pullback is a normal consolidation after an upswing. The four-hour MACD shows a bottom bullish divergence signal, with technical repair momentum gradually emerging. Combined with ongoing net inflows into ETFs, institutional support is strong.

Trading suggestions

BTC: Buy around 73,500, target 76,200; ETH: Buy around 2,250, target 2,348.$BTC
BTC-0.32%
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