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4.1 Evening Bitcoin Outlook: April Fools' Joke? Don't Be Fooled by This Pump! The Real Action Is in the Highs!
In the afternoon, Bitcoin suddenly made traders sweat, but resistance at 69,500 still remains! This rally hides a trap for false breakout, don’t get caught up!
Let me emphasize again! The sharp increase is a correction, not a reversal!
On the 4-hour chart, the ETH/BTC downtrend has not been broken; it's just a temporary release of rebound momentum. After a spike, a pullback and correction are inevitable.
Ethereum at 2150-2200 is a strong resistance zone, with heavy short-term short positions, and the short-term moving averages are in a bearish alignment. The rebound is just a trap for false signals.
As for Bitcoin, the rebound is not supported by volume, and there is strong selling pressure above 69,000. It’s unlikely to sustain a continuous rally.
For Bitcoin, go short directly at 69,200, with a stop loss at 69,800. First target: 68,000; if broken, look at 67,500.
For Ethereum, go short at 2,155, with a stop loss at 2,190. First target: 2,100; if broken, look at 2,080.
#加密市场普遍上涨