#Gate广场四月发帖挑战 Monday Morning Bitcoin and Ethereum Latest Market Analysis and Trading Recommendations

Looking back at the early hours, Bitcoin experienced a strong upward trend. During midnight, the price stabilized around 66,575 and then gained momentum, continuously closing with large bullish candles, breaking through the 67,500, 68,000, and 69,000 levels consecutively. In the early morning, it reached a high of approximately 68,898 before slightly pulling back to around 68,800 and entering consolidation. The entire upward move saw minimal retracement, with strong bullish momentum, higher lows, and a clear pattern of active buying. Ethereum followed Bitcoin’s trend, bouncing off a low around 2020 after testing that level yesterday, and in the evening, it recovered to around 2070 for consolidation. In the early session, volume increased again, pushing the price up to approximately 2120.

From the daily chart perspective, volume increased at the close with a small bullish candle. The price has overall risen toward the middle Bollinger Band but has not yet stabilized there. The current rally remains near last week’s high, and it’s important to watch whether the market can generate a clear breakout signal. On the four-hour chart, a large bullish candle broke through the previous consolidation zone, and indicators are now in overbought territory. Although the market has broken out of the downtrend channel, the staged rally still faces resistance around the 70,000 level, indicating a generally pressure-filled structure. The ongoing rebound also warrants attention to the US stock market’s performance tonight.

Trading Strategies
· Bitcoin: Consider short positions around 70,000, targeting 68,000
· Ethereum: Consider short positions around 2,150, targeting 2,050

The above analysis is for reference only and does not constitute investment advice!