4.27 Bitcoin and Ethereum surge strongly, resistance at high levels is key

Overnight, Bitcoin and Ethereum experienced a strong upward push, with the highest touches reaching around 79,500 for Bitcoin and 2,400 for Ethereum, completely breaking the previous three-day continuous sideways consolidation pattern, with bullish momentum fully released.

The current market has reached the core resistance point of this rally, with the 79,500-80,000 range for Bitcoin serving as the dividing line between bulls and bears. If a strong breakout with volume can be sustained, the overall upward space will be fully opened, and Ethereum will also move in tandem to catch up; otherwise, blindly chasing the rally without effective breakout confirmation carries high risk.

From the 4-hour and 8-hour technical perspectives, after multiple attempts to test high levels, the price has faced resistance and pulled back, with a double-top pattern gradually emerging. Before establishing above the heavy resistance level, the overall strategy is to prioritize short positions on rallies.

Practical reference: Existing short positions can be held patiently, and with reasonable position sizes, add to shorts on rallies; currently, Bitcoin around 79,100 and Ethereum around 2,395 can be entered in batches for short positions. The initial downside targets are Bitcoin at 76,000-77,000 and Ethereum at 2,250-2,300. #WCTC交易王PK #比特币突破7.9万美元 #加密市场普遍上涨 #BTC #ETH