$BTC Wednesday night, April 1st, Bitcoin and Ethereum latest ideas and analysis

The market will not punish the patient; it will only penalize greed and fear. Focus less on watching the charts, think more, hold onto profits, withstand pullbacks—that's the long-term approach. Looking back, the afternoon high reached 69,310 before dropping to around 68,389. Currently, it hovers near 68,500. Ethereum follows Bitcoin's movement. In the afternoon, ETH dropped to a low of 2,124 from 2,157 and then rebounded, oscillating around 2,132. The evening short-sell strategy remains in effect.

Based on the current market, after reaching a new high on the four-hour chart, there was a pullback with a long upper shadow, a bearish engulfing pattern, diminishing momentum, MACD with shrinking red bars, and divergence at the top. RSI has entered the overbought zone of 60–70, indicating a potential pullback. The hourly chart shows a bullish arrangement, but with high-level stagnation, minor declines, decreasing volume on advances, increasing volume on declines, and rising selling pressure. The recent rally was driven by easing tensions between the US and Iran, not intrinsic strength, so sustainability is weak.

April 1st, Wednesday night
BTC: Enter short around 69,100, target 67,600
ETH: Enter short around 2,165, target 2,080