April 20 Midday Market Analysis $BTC $ETH

The four-hour timeframe shows a dominant force performing a strong shakeout pattern, with consecutive bearish candles creating a false impression of a pullback. Essentially, it is a deep squat gathering strength before a rally. This round of retracement did not break the overall bullish structure; instead, it completed the cleaning of floating positions and leveraged positions, clearing obstacles for subsequent upward movement.
The overall upward trend remains intact, with moving averages in a bullish alignment. The price precisely retested the upward trendline and key support levels. The volume contraction during the pullback confirms the exhaustion of selling pressure, representing a typical false breakout shakeout pattern. The pullback is a good opportunity for low-entry buying; the current position is an excellent entry window provided by the main force, patiently hold and wait for the main rally to gain momentum.

Trading Suggestions

Gradually buy in the 73,800-74,100 range, with short-term targets first near 76,000-75,500; if broken, continue to watch 77,000.

Gradually buy in the 2,250-2,270 range, with short-term targets first near 2,330-2,380; if broken, continue to watch 2,420.