Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Pre-IPOs
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Promotions
AI
Gate AI
Your all-in-one conversational AI partner
Gate AI Bot
Use Gate AI directly in your social App
GateClaw
Gate Blue Lobster, ready to go
Gate for AI Agent
AI infrastructure, Gate MCP, Skills, and CLI
Gate Skills Hub
10K+ Skills
From office tasks to trading, the all-in-one skill hub makes AI even more useful.
GateRouter
Smartly choose from 30+ AI models, with 0% extra fees
April 28th Technical Analysis: Will BTC and ETH experience a waterfall drop this week?
Yesterday, the daily chart showed a pin bar closing bearish, and Bitcoin did not break below the 76 position. The decline was not very large; based on the intraday high and low of 768, the line closed, dropping over 2,000 points. For intraday trading, this is about right. Today’s daily candle opening and rebound are normal adjustments. As long as it doesn’t retrace back, the bearish trend remains intact.
ETH yesterday’s lowest was around 2,260, still staying within the 2,260-2,300 support zone. It has not fully broken below this support yet. The key focus for this week is to remain bearish.
BTC and ETH Intraday Outlook
Bitcoin’s movement today is relatively stable, with little fluctuation. After yesterday’s sell-off, there was a small rebound, then it quickly returned near the lows. Now, it depends whether it will directly break yesterday’s low within the day, which would bring it to the 75-76 range intraday. The normal support zone is between 746-758. If it fully breaks below, it can directly target the 72-70 range as the final defense.
After two large bearish candles yesterday, the rebound strength was very small. The intraday outlook remains bearish. Watch the current support at 2,260; if it breaks, the next support zone is between 2,180-2,220. The last line of defense is in the 2,050-2,130 range.