▎Market analysis of BTC and ETH on April 27

▎Market Overview

The BTC market demonstrates uncertainty and consolidation in the range of 94,000–95,000. A breakout of the (reversal bottom model) and hammer line is forming on the 4-hour chart, which may indicate a potential rebound. However, short-term indicators remain bearish, and trading volumes are declining, indicating a wait-and-see position among market participants.

▎Key levels of BTC

• Resistance:

• 94 800 ( short-term barrier suppressing growth )

• 95 600 ( main level for breakout )

• 95,750–95,550 (additional resistance zones)

• Support:

• 93,900–94,000 ( key zone, the loss of which may lead to a decline to 92,300–92,000 )

• 93 833–93 968 ( intraday support )

Technical Indicators

•MACD:

• Bearish signal, but DIF and DEA are narrowing, which may indicate a possible reversal.

• The histogram remains in the negative zone, increasing the risk of a correction.

• KDJ:

• Located in the middle zone, there are no overbought/oversold signals – confirms sideways movement.

• Volumes:

• Significantly below average, which reduces the likelihood of strong movement without confirmation.

▎Forecast and Recommendations

1. BTC:

• Long: 93,800–94,000, target 95,400–96,500, stop 93,500.

• Short: 94,800–95,300, target 92,300–92,000.

2. ETH:

• Long: 1,780–1,810, target 1,900–1,950, stop 1,750.

• Short: 1,820–1,840, target 1,780–1,750.

▎Withdraw

The market is in an accumulation phase, and until it breaks key levels of (95 600 upward or 93 900 downward ), sideways movement is likely to continue. Watch for volumes and breakouts to confirm the direction of the next wave.

🔹 Short-term trend: neutral/sideways
🔹 Medium-term trend: depends on the breakout of 95,600 or 93,900

*(The analysis is relevant as of the morning of April 27, corrections may occur throughout the day.)*

#BTC #ETH #BNB #SOL #PI