4.6 Monday Night Bitcoin and Ethereum Latest Ideas and Analysis

A waterfall can't wash away ambition, and the halving horn will eventually be reborn. Don't exit the market; your story is just reaching the climax. When others are fearful, remember you once dreamed of standing at the top of the K-line. Looking back at Bitcoin's afternoon fluctuations around 69,000, it continued to oscillate until the evening, reaching a new high of 70,283. It then pulled back to the current level of 69,800. Ethereum followed Bitcoin's trend, oscillating around 2,135 in the afternoon, then rising steadily to 2,174 in the evening, before retreating to the current level of 2,156.

From the four-hour K-line, Bitcoin's recent rebound is unsustainable and clearly a trap set after a short-term correction by the bears. The price remains under pressure from short-term moving averages, with no volume to support higher moves each time it attempts to rally, typical of a weak rebound. The market structure is weak; the downward channel hasn't been broken, and there is heavy accumulation of trapped orders above, which causes selling pressure at resistance levels. Indicators also show bearish signals, with diminishing rebound strength, lower highs, and lower lows. Old Lei straightforwardly states that now is not the time to catch the bottom; the more it bounces, the more it becomes empty. There are no signs of a genuine bullish effort, and no funds are entering the market. Likely, there will be another wave of decline to test key support levels. The short-term strategy is clear: sell on rebounds at resistance, avoid fighting the trend, and patiently wait for a breakdown to accelerate the decline.

Evening Trading Strategy
Short Bitcoin near 70,000, target 68,500
Short Ethereum near 2,160, target 2,080