$BTC 4.7 Evening Bitcoin and Ethereum Latest Ideas and Analysis

What you see is risk; I see destiny. You can't handle the volatility, but I can hold the future. Looking back, Bitcoin hovered around 68,700 all afternoon without significant movement until the evening when it rose to a high of 69,247. It then declined to 69,071, and currently stands at 68,323. Ethereum closely follows Bitcoin's trend, reaching a high of 2,133 in the evening before dropping to a low of 2,082. The current level is 2,088. #加密市场行情震荡

From the current four-hour K-line chart, Bitcoin's recent rebound is clearly weak, and the bulls' momentum has been exhausted. After the surge, long upper shadows appeared on consecutive candles, with each rally being pushed down by the bears, indicating a trap to lure in buyers before a dump. Short-term moving averages are flattening and pressing down, MACD is turning downward near the zero line, and RSI is quickly falling from overbought territory. The bullish momentum has completely faded. Don't be fooled by a small rebound; this is a weak retracement in a bear market. The 70,000 resistance level is very strong and cannot be broken easily. Funds are quietly withdrawing, whales are reducing positions at highs, and retail investors are still hoping for a reversal. There are no signs of stabilization in the short term; next will be alternating rapid declines and slow declines. Once support breaks, it will be a waterfall decline, with the first target at 67,000, and if broken, then below 65,000. So, Lao Lei still provides a high-level outlook for the evening.

Evening Trading Strategy
Bitcoin at 69,000 can be shorted, target 67,000
Ethereum around 2,100 can be shorted, target 2,000