4.6BTC/ETH Market Outlook:

Recently, the script has been the same as before: either sideways consolidation, which is quite dull to watch, or the yellow-haired guy comes out to tweet, causing the market to instantly surge and rally, trapping a batch of low-position shorts, cashing out at high levels, and大量资金 outflows, then starting to fall back. Those chasing the rally get爆仓 again, regardless of whether the market rises or falls, this market never lacks爆仓, always full of tears, always full of anticipation, never retreating, never admitting defeat—that's the crypto world, that's the self-cultivation of the leek...

Bitcoin weekly K after two consecutive declines, last week closed with a medium-sized bullish candle. The Bollinger Bands are still opening downward with all three bands trending lower. Although the KDJ has a golden cross upward, the RSI is leveling off and slowing down, showing signs of turning downward. The MACD remains in a bearish expansion phase. On the daily chart, over Friday, Saturday, and the weekend, three consecutive bullish days, with each candle larger than the last, the price broke above the middle Bollinger Band. Today’s opening directly above that level, with the middle and upper Bollinger Bands opening downward, while the upper band is opening upward and rising. The KDJ is turning upward, RSI is stabilizing, and MACD bearish momentum continues to shrink, with bullish momentum beginning to expand. However, the upper Bollinger Band on the daily chart has dropped sharply downward. Although there is a rebound demand on the indicator, combined with the hype from the yellow-haired guy, the price still failed to break above the 70,000 level, indicating how sluggish the entire market is and how fragile the bulls are.

In the short-term 4-hour chart, after five consecutive bullish candles, the bulls are exhausted. Currently, there is a pullback demand at high levels, with KDJ and RSI turning downward. The hourly chart shows the price falling back below the upper band, with bullish momentum on the MACD shrinking. This morning, a short entry was openly suggested around 69,200-69,500. The outlook remains unchanged. For intraday trading, focus on short positions, looking for declines around the 70,000 level. The impact of news-driven rallies is limited; avoid chasing the highs. After a rally, expect sideways consolidation at high levels, consuming bullish demand, and avoid being fooled by false breakout traps. The major range remains between 70,000 and 65,000, with no breakout past this range—no chasing or panic selling.

Resistance above is around 69,000 and 70,000; consider short positions around these levels. Support below is at 67,500, 66,500, and 65,000.

For Ethereum, resistance is around 2,150 and 2,200; consider short entries around these levels. Support is at 2,100, 2,000, and 1,950. #Gate广场四月发帖挑战 $BTC