4.29BTC/ETH Market Outlook:

This week's market first surged, then retraced from high levels, and on Tuesday, it entered sideways trading. 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. The market is once again caught in a debate between bulls and bears...
On Monday, there was a sharp move to trigger the shorts, then a retracement from high levels, taking out some of the chasing longs. On Tuesday, it traded sideways at low levels, giving the impression that the bulls are unable to regain lost ground. The rebound was weak, causing those who missed the short entry at low levels to chase the short. Now, on Wednesday, there's a slight rebound, but those chasing the short are again caught in a trap. Recently, the market has been repeatedly shaking out traders, oscillating back and forth.
Currently, both the hourly and 4-hour timeframes are in a rebound phase. 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 position around 77,000, but personally, chasing longs at this level doesn't seem very stable. If it 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 play, it’s still a good idea to go short. Those without a short position can consider a small short around 2310. If it faces resistance and pulls back, support levels to watch are 2250, 2200, and 2150. $BTC ‌$ETH ‌