4.23 Thursday | Awei Morning BTC / ETH Outlook



After the market has just experienced a sharp rise and then quickly pulled back, it has entered a weak consolidation. The bulls’ push higher lacks sustained buying pressure, and the upward momentum is clearly fading.
External US stocks hit resistance and fell back in sync, cooling bullish sentiment. After the technical pullback needs are released, in the latter half of the US session it’s easy to “lure longs and then retreat,” meaning the bearish rhythm hasn’t finished yet. On top of that, around 8,000 million options will expire on 4.24–25, and volatility will be amplified.

Outlook: Rebound faces pressure; continue to look bearish

Trading suggestions:
BTC: Short in the 78,800–79,500 range, target 77,500 → 76,300
ETH: Short in the 2,390–2,430 range, target 2,320 → 2,280

One sentence:
A rally that can’t hold the highs is the signal; a rebound is a shorting point.
#Gate13周年现场直击 #跟单金牌星探 #比特币反弹 $ETH $BTC
BTC-0.6%
ETH-2.92%
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