4.30 Afternoon BTC/ETH Market Analysis



In the afternoon, Bitcoin fluctuated around 75,596, with a slight intraday rebound, but the overall trend remains weak. Ethereum also weakened in sync; it saw a small rise from lower levels, but lacked sufficient upward momentum.

Four-hour level: Bitcoin surged and then pulled back, breaking below the middle band of the Bollinger Bands. Selling pressure at high levels intensified, and the market overall turned weaker. Ethereum likewise lost the middle band; selling increased in volume, and the bulls were unable to provide strong support.

One-hour level: Bearish forces are still relatively strong, and short-term rebounds lack strength. Ethereum continues to face pressure, and the near-term bearish pattern is difficult to change.

Trading approach: Short on rebounds
Bitcoin: Short at 76,000–76,300, target 75,000
Ethereum: Short at 2265–2270, target 2220$BTC
BTC-2.21%
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