#Gate广场四月发帖挑战 Main Force Undercover Battle: BTC and ETH fluctuate to find a bottom, capital disagreements intensify!

The market appears calm on the surface but is actually turbulent beneath. BTC repeatedly swings around the 67k mark, ETH struggles near the $2,000 level, and the bullish and bearish opinions are very divided. Major funds are quietly accumulating at low levels while also dumping at high levels to shake out weak hands, making it easy for retail investors to be washed out.
1. Today’s Market Brief
BTC, current price: around 66,800
24h: Volatile downward movement, intraday low reached 65,800, rebound weak
Trend: Weak oscillation, dominated by bears, multiple rebounds met with resistance
ETH, current price: around 1,990
24h: Drop greater than BTC, once again losing the $2,000 level
Trend: Significantly weaker than BTC, capital fleeing more strongly
Summary in one sentence: BTC shows weak oscillation, ETH breaks down and weakens, overall bearish, main forces are controlling the market and shaking out weak hands.
2. Main Fund Movements
1 On-chain: Whales flip-flop, disagreements are huge
Sell pressure signals
In the past 24 hours, large BTC transfers into exchanges continue, whales are selling in batches at high levels to lock in profits.
Signal of market support, meanwhile, whales with addresses holding over 1,000 BTC are accumulating in batches below 66,000, showing obvious hedging and disagreement.
ETH funds mainly flowing out, large holders reducing positions significantly, buying interest weak, sell pressure more direct.
2 ETF: Institutional inflows slight but confidence remains low
BTC spot ETF: Slight net inflow of about $69 million, ending a streak of outflows.
ETH spot ETF: Slight net inflow, institutions hesitant and cautious. They are testing the bottom but not daring to enter heavily, engaging in light position testing rather than a reversal signal.
3 Futures Market: Main players are squeezing retail investors
Over $400 million liquidated in the past 24 hours across the entire network, both longs and shorts wiped out.
Perpetual contract funding rate: continuously negative, market sentiment very bearish, main players repeatedly open shorts at high levels and close at low levels to harvest.
Conclusion
Main players are controlling the market with oscillations, selling high and buying low, shaking out weak hands.
BTC Key Levels
Resistance levels
First resistance: 67,500–68,000 (intraday)
Second resistance: 69,000–70,000 (mid-term)
Support levels
First support: 66,000–65,800
Strong support: 65,000
ETH Key Levels
Resistance: 2,050–2,100
First support: 1,980–2,000
Strong support: 1,920–1,950
Trend judgment: ETH is clearly weaker than BTC, bears are dominant, risk is higher, watch more and act less.
3. Tomorrow’s Outlook
BTC will continue to fluctuate in the 65,800–67,500 range, leaning bearish, with weak rebounds
ETH will follow the weakness, most likely testing the 1,950 support, with high risk of breakdown
Trading keywords: light positions, observe, reduce positions on rebounds, avoid bottom fishing, control risk.