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A clear comparison of the BTC/ETH 4-hour chart makes it obvious:
The former is, without question, a matter of faith (holding its ground).
The latter is more volatile—leading the way, with the main forces relatively weaker.
On Monday, the big one’s new high was nearly brushing the 8-handle.
As for ETH 2463 (after last weekend), its highs have kept moving downward.
Today, the Strait of Hormuz issue has escalated again.
If it enters a long-term blockade, May’s oil prices will stay high.
Gold and crypto will continue to remain under pressure while in high territory.
It’s expected that ETH will first move into a five-wave decline in early May.
After that, BTC and other major coins will begin consolidating in a high-range box.
On Thursday night and Friday daytime, on the upside watch 7.65k and 2280.
On the downside, watch 7.5k and 2220 (if it can’t hold, consider chasing a short from the right side).
$BTC #WCTC交易王PK $ETH