4.3 Friday Morning Bitcoin and Ethereum Latest Ideas and Analysis



Every second you hesitate, someone is pressing the buy button. Every minute you agonize over, someone is harvesting gains. Every day you watch, someone is selling at the top to show you. Looking back at early morning, Bitcoin dropped from its all-time high of 67,430 down to a low of 66,596, then rebounded to the current level of 66,950. Ethereum closely followed Bitcoin's trend, falling from the early morning high of 2,077 to a low of 2,041, then rising to the current level of 2,057.

From the current market situation, Bitcoin has recently shown signs of stagnation at high levels, with bearish signals gradually accumulating. After rebounding near the previous high, the price was clearly resisted, with multiple candlesticks showing long upper shadows, indicating heavy selling pressure above. The moving average system has begun to flatten and slightly turn downward, suggesting the short-term trend has shifted from strong to weak. The MACD indicator's fast and slow lines formed a death cross at high levels and continued downward, with the momentum histogram turning green and expanding, indicating that the bearish force is dominating the market. So, Lao Lei provided a high short idea early this morning.

Morning Trading Ideas
Bitcoin around 67,500 can be shorted, target 66,000
Ethereum around 2,070 can be shorted, target 2,010
BTC-0,67%
ETH-1,11%
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