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ETH April Month-End Market Outlook (Concise Spoken Version)
Brothers, pay attention to the last week of April!
Right now, Bitcoin is at 77,500, and Ethereum is stuck at 2,310, trading sideways for several days last week. As a result, this week the main players started playing rollercoaster early, pushing up then quickly smashing down, clearly indicating high risks at the upper levels.
The news has already been seen through; the US-Iran negotiation framework is basically finalized. Now both sides are just exchanging verbal sparring, which is mainly coordinated with market manipulation and chart drawing.
Pakistan has withdrawn its defenses, Iran is also resuming flights, and the Strait order will soon return to normal. The remaining tense news is all tricks to harvest retail investors.
Here are the key levels for everyone:
BTC
Resistance: 78,800 short-term, 79,500 strong high resistance
Bull-bear dividing line: 77,500
Support: 76,800, defensive bottom line 76,000
ETH
Resistance: 2,380 key, 2,420 strong high resistance
Bull-bear dividing line: 2,350
Support: 2,320, defensive bottom line 2,280
Simple reminder: If Bitcoin breaks below 76,800, and Ethereum breaks below 2,280, the downside space will be fully opened.
Next week’s market will definitely be very exciting. Do not chase longs at high levels—it's just asking for trouble.
The only trading idea: buy low at support, short high at resistance. The market will either fluctuate rapidly or continue sideways to grind out a bottom.
Finally, a reminder: the US-Iran news has basically played out; the rest are fake news created by the main players. The next focus should be on the Federal Reserve’s leadership change—that’s the key factor influencing the market moving forward!