4.20 BTC/ETH Market Outlook:

Last Friday, the Strait of Hormuz opened, and Bitcoin's price surged directly, reaching a high of around 78,300, successfully triggering a lot of short-sellers. Then it announced closure, and the price dropped sharply from the high, hitting a low of around 73,600 in the morning, also triggering a lot of chasing-buyers. The world is just a grassroots stage; no matter how much analysis or how good it is, it can't compare to the unreliable saying... Manage risks, reduce positions, strictly stop-loss, survive first, then seek development!

Weekly K three consecutive positive candles, last week closed with an inverted hammer bullish candle, testing the middle band resistance. Daily K closed with consecutive bearish candles over the weekend, KDJ and RSI are overbought at high levels and turning downward, MACD bullish momentum continues to shrink, the overall trend remains mainly bearish. Only when the weekly K level stabilizes above the middle band resistance can we consider the emergence of a large bullish trend.

In the short-term 4-hour timeframe, a pullback tested the lower band support but failed to break it effectively. Currently rebounding, focus on the middle band resistance. For intraday trading, mainly shorting on rallies, with resistance levels at 75,000, 76,000, and 77,000. Enter short positions around these levels. Support levels are at 74,000, 73,000, and 72,000.

Ethereum is currently around 2,300, with resistance levels at 2,350, 2,400, and 2,450. Enter short positions around these levels. Support levels are at 2,250, 2,200, and 2,150. #GatePreIPOs首发SpaceX $BTC