#BTC 4.7 Tuesday Night: Latest Bitcoin and Ethereum Thoughts and Analysis

Markets will fluctuate repeatedly, and opportunities will come again, but once your mindset breaks down, everything becomes hard to restart. Looking back at the afternoon session, Bitcoin’s large chart (big cake) started rising from 68433, rose to 69247, and then pulled back, with the low reaching 28071. Ethereum started rising in the afternoon from 2097, peaked at 2132, then plunged rapidly, with the low probing to 2080. The short-position idea Xiaoyao provided in the afternoon was also completely unsurprising—he took it down and led the students to grab a quick gain.

Based on the current market structure, on the four-hour timeframe, BTC’s Bollinger Bands are opening downward and expanding, with the price running under continued pressure below the middle band. Rebounds have been blocked multiple times, and the bulls have no ability to fight back. The moving average system is aligned bearishly; the short- and medium-term moving averages are moving down together, forming layer upon layer of strong resistance. After the KDJ indicator formed a dead cross from high levels, it has continued extending downward, showing that bearish strength keeps increasing. On the hourly timeframe, the 69500 level is repeatedly tested but has failed to break through effectively, and sell pressure has been gradually intensifying. The candlesticks keep closing with upper wicks, indicating that there is not enough willingness to chase longs at high levels; the shorts are gradually taking the initiative. Pay attention to support around 68300—if this level is broken, it will most likely dip further toward the 67500 area. In terms of execution, short-term rebounds into higher prices remain the main theme; rebounds are only technical corrections—do not blindly try to bottom-fish.

4.7 Tuesday Night
Btc: Short around 68800, target 67500
Eth: Short around 2120, target 2150