$BTC Friday night, April 10th, Bitcoin and Ethereum latest ideas and analysis

Embrace the wave of digital gold; every second is an opportunity. Do not fear volatility, and set no upper limit. Use rational investing to ignite the future, and let time witness the value of persistence. In the crypto journey, create miracles together with you. Reviewing the afternoon, Bitcoin dropped to a low of 71,426 and then rose to the evening high of 72,458. Ethereum followed the Bitcoin trend, rising from an afternoon low of 2,176 to an evening high of 2,228. The trend is exactly as Old Lei mentioned in the afternoon. Old Lei also led the team to take two long positions on Bitcoin and Ethereum.

Four-hour chart shows top divergence plus volume exhaustion; next is the time for a sell-off! First, look at the chart: this wave rose from 66,600 to 73,145, seeming strong, but in reality, it’s all false fire. On the four-hour level, the price hit a new high, but the MACD had already turned downward, with DIF and DEA forming a death cross and continuing to weaken. The divergence at the top is confirmed, indicating typical bullish exhaustion and a sign of reversal. Looking at volume, the huge volume during the rally has completely receded; subsequent rebounds with trading volume even fail to hold above the MA5 moving average, showing that the chasing funds have already exited, and only retail investors are left holding the bag, unable to sustain high levels. Technically, the 73,000–73,500 range is a strong resistance zone; both attempts to break through failed to stabilize. Old Lei can only say that now is not the time to short; we can only wait for the drop and then regret not acting earlier. #原油小幅上涨

April 10 evening outlook
Bitcoin around 72,500 can short, target 71,000
Ethereum around 2,230 can short, target 2,150