4.7 Market Analysis

Last night in the live broadcast room, $BTC suggested going short directly. This morning, I woke up to some gains. Congratulations to the brothers who followed. Now, let's analyze the market.

$ETH ‌

Bitcoin attempted to break through the 70,300 resistance twice but was unsuccessful. After a rally, it formed a double-top pattern and pulled back, breaking below the 68,800 neckline and the previous bullish consolidation zone. A rebound to 69,200 was met with resistance, forming a new pressure level. If volume breaks through 69,200, the outlook remains bullish toward 69,900-70,500; if it cannot hold this level and falls below the 68,200 low, it will test 67,900, and if it loses that, further decline toward 66,500 is expected. In terms of trading strategy, a volume breakout above 69,200 can be considered a buy signal; a volume breakdown below 68,200 with a weak rebound suggests a short position. If it breaks below 68,200 on the 4-hour chart, look for a target of 67,300-66,500.

#BTC行情 ‌

Ethereum can consider going long if volume breaks above 2,121 and holds, with targets at 2,155-2,198; upon reaching 2,198, consider short positions. If it falls below 2,085, turn bearish with targets at 2,040-2,010; a successful retest of the 2,043 support level can be a long entry, with a stop loss below 2,015. On the left side, a long position can be placed at 1,976, with a stop loss below 1,936.

Warm reminder: Cryptocurrency prices are highly volatile and influenced by multiple factors such as policies and market sentiment. The above content is only a level analysis and does not constitute investment advice. Please trade cautiously.