4.24 Morning Brief: BTC and ETH are facing resistance on the upside, support on the downside, and urgently await a decisive breakout.

Last evening and this early morning, Bitcoin spiked to 76,500 once and then dropped to 76,900 once; it rebounded to 78,650 and 78,460 respectively.

Yesterday morning, Ethereum fell from 2,360 to 2,303; after rising back to 2,343 at midnight, it pulled back to 2,283. It is currently rebounding to 2,340 and meeting resistance.

Jingwen—yesterday morning (ETH): short at 2,361, capturing 46 points; in the afternoon, go long at 77,000 and 2,310, capturing 1,200 points and 30 points respectively!

Due to the choppy, range-bound market, indicator changes on smaller timeframes are not obvious. The pullback below the 76,000 level has not broken, forming a base—suggesting it will be difficult for the market to run a one-sided bearish trend.

After multiple attempts to push higher, clear rejections repeatedly occurred around 78,500. Moreover, the overhead resistance zones on both the 2-hour and 4-hour charts are around 78,800–79,000.

Daily timeframe bullish volume has weakened, but the structure is still intact; a breakdown still requires support from geopolitical factors! For today, it’s recommended to keep a strategy of selling the highs and buying the lows within the range.

BTC recommendation: go long around 77,000, add longs at 76,500, target 78,000–78,500.

ETH recommendation: go long around 2,310, add longs at 2,280, target 2,350–2,370.