Go with the trend

✅ Short-term bullish bias (rebound correction)

• Hold above $2,200; the four-hour moving averages are aligned bullish

• Support:

◦ $2,210–$2,220 (strong support in the short term)

◦ $2,190–$2,200 (retest confirmation zone)

◦ Lower: $2,100, $2,060

• Resistance:

◦ $2,260–$2,280 (recent highs)

◦ $2,300–$2,320 (key reversal levels)

• Hidden risks:

◦ Daily EMA120 is still pointing downward (≈$2,500); the mid-term bearish structure remains intact

◦ Four-hour RSI is approaching 70; there is a risk of an overbought pullback in the short term

Three. Funds and news (key)

• ETF funds: net inflow of $106 million on April 9 (led by BlackRock); institutional divergence is increasing

• Leverage positions: open interest (OI) is at low levels, significantly reducing the risk of crash liquidations

• On-chain: big whales are accumulating; net outflows from exchanges; long-term holdings remain stable

• Drivers:

◦ Fed rate-cut expectations (high probability in June)

◦ Ethereum upgrade (Glamsterdam in the first half of the year), increased Layer 2 activity

◦ Trump policy favorable to risk assets