$BTC 4.7 Morning Bitcoin and Ethereum Latest Market Trends and Analysis

Market greed, am I calm? No, I’m crazier than the market! Forging private keys with passion, trading space for time. The ticket to the crypto sanctuary is only sent to those who refuse to get off the train. Looking back, Bitcoin from the early morning dropped from the high of 70,351 all the way down to the low of 68,300, then recovered to the current level of 68,900. Ethereum followed Bitcoin’s trend, falling from the early morning high of 2,168 to the low of 2,087, then rising to the current level of 2,107. Yesterday, Lao Lei led the team to take three short positions on Bitcoin, Ethereum, and Solana, earning a profit of 30,000.

In recent days, Lao Lei glanced at the market charts, and that familiar cold feeling surged again—bears’ confidence hasn’t dissipated. Don’t be fooled by a single bullish candle. Opening the 4-hour K-line chart, Bitcoin’s rebound is purely false fire. From a pattern perspective, this upward move is just a descending flag at a high level; the previous deep decline’s main trend hasn’t been shaken. The bulls’ actions are as soft as stepping on cotton. The moving average system is even more deceptive—short-term averages are tightly pressing down on long-term averages, a textbook bearish arrangement. The price is like a child who hasn’t been weaned; no matter how much it pushes up, it can’t break free from these resistance lines. The selling pressure above is like a jack-up. As for volume, during the rebound days, trading was thin—no volume increase, no height achieved. Such volume-less rebounds are just naked swimming in Lao Lei’s eyes. Market sentiment shouldn’t be taken seriously either. Over the weekend, a violent rally forced bears to close positions passively, stopping losses—basically, a show of false strength.

Morning Trading Strategy
Bitcoin around 69,500 can be shorted, target 67,500
Ethereum around 2,130 can be shorted, target 2,050