Wednesday, Bitcoin, Ethereum, Gold, Analysis Ideas!

A new month! A fresh start, brothers and sisters! This month is the golden period. Let’s work together to迎接 the dawn that belongs to our Ultraman community!

Yesterday, the monthly close showed a rather bearish sentiment. Along with the tug-of-war between IMA and EME, the market performance this month has also been quite tense. The price started declining from a high of 76,000 and now stalls at the 72,000 level. The rebound is weakening, and the testing phase is gradually becoming sluggish. Considering the monthly candle closing pattern, April’s market is likely to enter a battle between bulls and bears again. Focus on whether the strong resistance around 72,000 can be broken; if not, the overall trend may remain volatile, and a breakout could push prices higher. Support is at 63,800; a break below that would mean entering a floodgate mode.

Until there is a ceasefire between Iran and the US in the short term, the market rhythm is unlikely to change significantly. It will still operate within a range. Testing is allowed, but a firm breakout is not.

For today’s short-term trading, it’s important to consider the strength of the rebound and the US stock market situation. Recently, Bitcoin’s price movements have been closely linked with US stocks, showing a clear correlation. Early trading saw some recovery sentiment. However, we need to note that any news impact will not be reflected immediately, and the market will not stop for a while. News sentiment interference is obvious. Follow the principle of “no break, no formation,” and trade on the right side with short positions—“The Eight-Character Mantra!”

For Bitcoin, focus on testing the resistance zone between 68,900 and 69,500. Consider shorting near that area, looking for a pullback to 67,500–66,600.
For Ethereum, similarly, watch the 2,160 resistance. Do not break below that level; short-term sentiment is unlikely to rise significantly.

Gold, yesterday, also moved upward following market sentiment. It is still in a euphoric state, breaking through 4,600 and showing signs of heading toward 4,800. First, see if the 4,720–4,750 resistance can be broken, then follow up accordingly. Consider shorting within this zone first, then going long afterward.

That’s all for now. Wishing everyone smooth trading and a happy trading experience! #四月行情预测 $BTC ‌$ETH ‌