#BTC 4.7 Tuesday Afternoon Bitcoin and Ethereum Latest Ideas and Analysis

The fairest place in the market is where your self-discipline is, and that’s how free you are. Looking back, Bitcoin started to decline from 69,118 this morning, with a low of 68,273 before beginning to rebound without breaking through the 69,000 level. It is now hovering around 68,500. Ethereum is in a tug-of-war between 2,119 longs and shorts, with a low of 2,091, quickly rebounding above 2,100. Currently, it is oscillating between 2,095 and 2,000. The short position idea given by Xiaoyao in the early morning black session was undoubtedly successful. At present, it is not advisable to blindly buy the dip. It is recommended to stay cautious, mainly focusing on shorting on rebounds.

The current market is a stalemate between bulls and bears, with daily candles alternating between bullish and bearish, maintaining narrow fluctuations without a clear trend breakout. Two consecutive days of small positive candles with shadows indicate a tug-of-war between buyers and sellers, but the bullish momentum is insufficient. Today, the market turned bearish again, retesting support with weak rebounds.
Price has already touched the upper boundary of the downward channel pressure. The sideways movement over the weekend failed to break through effectively, repeatedly facing resistance, indicating strong overhead pressure. The overall structure is weak with limited rebound space, and downward pressure is gradually accumulating. Future focus should be on the performance around resistance zones. If continuous resistance prevents a breakout, a new round of decline is likely to begin.

4.7 Tuesday Afternoon
Btc: Short around 69,000, target 67,500, break below to 66,500
Eth: Short around 2,130, target 2,050, break below to 2,000