4.10BTC/ETH Market Outlook:

Bitcoin yesterday retraced to around 70,470, with a rebound to near 73,128 in the evening, currently trading around 72,000 as it recovers. It is consolidating sideways at a high level, with KDJ and RSI both in overbought territory, indicating that the price could suddenly plunge from these high levels. This position is not suitable for chasing the highs. The daily K has tested the upper band three days in a row, all closing with long upper shadows, indicating heavy selling pressure above.

On the 4-hour and hourly charts, the retracement has not broken below support, so the market is oscillating and repairing at a high level. If you missed the low buy, you can't chase the rally at the top. Either go for a left-side, high-altitude short, prepared for being trapped, or wait for the market to surge and then retrace, and then short during the pullback. Shorting requires market cooperation because a sudden plunge from the high is possible, and it might be too late to enter. For the left-side high-altitude short, mental preparation and position management are necessary, enduring brief being trapped and floating losses.

Resistance above is at 72,800, 74,500, and the recent high of 76,000. If the price faces resistance and pulls back, it should at least test the 65,000 support, then test the 60,000 level.

Ethereum's resistance levels are at 2,270, 2,350, and 2,400. Consider shorting around these levels. If the price faces resistance and fails to break higher, it may pull back to test 2,100, 2,000, or even 1,900. #Gate上线Pre-IPOs $BTC