$BTC 4.28 Nighttime Bitcoin & Ethereum Market Analysis and Trading Recommendations

Based on the current 4-hour market structure, the bearish setup has been effectively confirmed. The trend structure is clear and stable. The price is showing a typical stair-step down pattern, with successive lower highs and synchronized lower lows. Each rebound has failed to turn the situation around; instead, it has become the starting point for the bears to press harder again. This indicates that the market has entered a clearly bearish-dominant cycle, and bullish resistance sentiment is extremely weak.

From the perspective of candlestick strength, during the sell-off, there are continuous large bearish candles with full bodies, and the bearish momentum keeps releasing without any signs of exhaustion. During rebounds, the bullish candles are generally short and the bodies are narrow, and they never manage to effectively penetrate into the body of the prior bearish candle. This reflects that the market lacks active buy-side support. The rebounds that do occur are mostly bear short-covering or short-term technical pullbacks, and they do not have the foundation for a trend reversal.

Current price action is still in the consolidation phase of the downtrend. Every time the market goes sideways or makes a slight recovery, it is more likely building momentum for the next leg lower. Bear control signals are clear. If subsequent rebounds continue to be constrained by the key resistance level of the previous low, another round of downside testing is only a matter of time. In the absence of strong external intervention or abnormal volume expansion, following the trend to go short remains a strategy with a high risk-reward ratio. The market is unlikely to stabilize in the short term, let alone reverse. The bearish trend is far from over and continues to unfold. #加密市场小幅下跌