4.8 Wednesday Early Morning Latest Ideas and Analysis for Bitcoin and Ethereum

Don’t try to buy at the lowest point or sell at the highest point—just take the portion that belongs to you. Looking back at the day session, Big Pizza started falling from 69,118 in the early morning. After the low at 68,273, it began to rebound without breaking through the 69,000 level. In the afternoon, Big Pizza surged from the 68,433 area, touched 69,247, then faced pressure and fell back, dropping to a low of 68,071. In the evening, the low reached 67,713. For Ethereum in the morning, bulls and bears locked in a tug-of-war around 2,119. The low was hit at 2,091, then it quickly rebounded to above 2,100. In the afternoon, it moved up from 2,097 to 2,132, then rapidly plunged, with the low touching 2,080. In the evening, the low was 2,058. Continue to hold the short positions from the evening layout!

Based on the current market, on the four-hour timeframe there is a falling channel plus range-bound box oscillation. The center of gravity continues to shift downward, and no effective bottoming structure has formed. The MA10/MA20/MA50 are in a bearish alignment. The price is under all short-term moving averages, and rebounds meet resistance. MACD forms a death cross and points downward; the green bars expand. Bearish momentum is dominant. Rebounds come with shrinking volume, while declines come with expanding volume. Selling pressure is obvious, and the willingness to chase higher is weak. On the hourly timeframe, the market shows weak, range-bound, and slightly bearish behavior overall. It hasn’t officially confirmed a bottom yet—price is trading below short-term moving averages, and rebounds continue to be pressured. RSI is relatively low but not severely oversold. MACD’s bearish momentum has not clearly weakened. At dawn, Xiaoyao on this side directly called it out in plain view, continuing with the high-short idea.

4.8 Wednesday Evening
Btc: Short around 68,800, target 67,500
Eth: Short around 2,100, target 2,050