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#BTC 4.7 Early Morning Bitcoin and Ethereum Latest Insights and Analysis
The outcome is still uncertain; we are all dark horses. Don’t look at others, just listen to your heart. Never give up! Faith is like a rock, with a hundredfold expectation. Looking back at Monday, Bitcoin rose from an early morning low of 67,347 to a high of 70,283 in the evening. Then it retraced to a low of 69,163 and reached the current level of 69,927 in the early morning. Ethereum closely followed Bitcoin’s trend, rising from an early low of 2,050 to a high of 2,174 in the afternoon, then settling at 2,165.
Brothers, Lao Lei is back again. The four-hour chart is very clear now. The rally over the weekend was at best a technical rebound within a bearish trend, definitely not a reversal. Looking at the macro, the situation in the Middle East could fluctuate at any time; geopolitical risks are always present, and market risk aversion sentiment won’t dissipate so quickly. On-chain data is also not optimistic—whales are still reducing their holdings, and this large-scale distribution cycle is far from over. So Lao Lei still offers high-level outlooks in the early morning.
Early Morning Trading Strategy
Bitcoin around 70,500 can be shorted, target 68,000
Ethereum around 2,180 can be shorted, target 2,050
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