4.29BTC/ETH Market Outlook:

This week's market first surged, then retraced from high levels, entered sideways consolidation on Tuesday, and today, Wednesday, Bitcoin's daily candles show two consecutive down days, with the price testing the midline support, which has not yet been broken. Although the upper band is opening downward and declining, the midline and lower band are still opening upward and rising. The KDJ indicator is turning downward, and the MACD shows increasing bearish momentum, indicating the market is again caught between bullish and bearish disagreements...

On Monday, there was a sharp move to trigger the shorts, then a high-level retracement, taking out some of the chasing longs. On Tuesday, the price moved sideways at a low level, giving the impression that the bulls are unable to regain lost ground. The rebound was weak, causing those who missed the shorting opportunity at low levels to chase the shorts. Now, on Wednesday, a slight rebound has occurred, but those chasing the shorts are again caught in positions. Recently, the market has been repeatedly shaking out traders, oscillating back and forth.

Currently, on the hourly and 4-hour timeframes, the rebound is ongoing. The intraday strategy is to focus on the strength of the rebound, observing the resistance at the 4-hour midline. Short positions can still consider a small initial attempt around 77,000, but personally, chasing longs at this level doesn't seem very stable. If the price faces resistance and pulls back, watch for support levels at 76,000, 75,000, and 74,000.

Ethereum's price has reached around 2310, testing the 4-hour midline resistance, which is also the daily K-line midline resistance. With both resistances in place, it’s still a good idea to go short. Those without a short position can consider a small short around 2310. If the price faces resistance and pulls back, support levels to watch are 2250, 2200, and 2150. #WCTC交易王PK $BTC