4.13BTC/ETH Market Outlook:

Yesterday, a large bearish candle dropped on the daily chart, and once the news of a collapse spread, the previous three consecutive bullish days came to a halt, making those who chased the rally at high levels feel uncomfortable again. There’s not much to say about this market; currently, the 70,000 level below has not been effectively broken, so shorting is not feasible. In terms of operation, it’s still leaning towards the left side, waiting in the suppression zone for a high short entry!

Bitcoin weekly chart shows a small V-shaped rebound, after two consecutive bearish candles, this week closed with two bullish candles, KDJ golden cross upward, RSI flattening and slowing down, MACD bearish momentum continues to shrink, and the bulls are starting to expand. The daily chart previously had three bullish candles, continuously pressing against the upper Bollinger Band, yesterday a large bearish candle dropped, the upper band flattened, the middle band flattened with signs of opening downward, the lower band opening downward and declining, KDJ overbought at high levels forming a death cross downward, RSI overbought at high levels turning downward, MACD bullish momentum insufficient, continuing to shrink.

4-hour level, the middle and lower Bollinger Bands are both opening downward, after RSI was oversold, the three lines converged to form a golden cross upward, RSI flattening, MACD bearish momentum shrinking. On the hourly chart, prices are under pressure from the middle Bollinger Band, oscillating around the lower and middle bands. Operation-wise, only consider resisting high short entries or shorting if breaking below 70,000.

Currently, the price is around 70,800, with resistance at 71,700 and 73,700. Consider participating in longs around these levels, or if breaking below 70,000, consider a small short, with support levels at 69,000, 68,000, and 67,000.

Ethereum’s current price is around 2,180, with resistance at 2,230, 2,270, and around 2,350. Enter longs around these levels, with support at 2,170, 2,100, and 2,050. #Gate13周年Dr.Han公开信 $BTC