$BTC 4.21 Afternoon Bitcoin and Ethereum Market Analysis and Trading Suggestions

On the four-hour chart, the current price remains under pressure below the middle band of the Bollinger Bands, with the channel opening and converging. Although the oscillation pattern persists, the center of gravity has clearly shifted downward. The MACD red histogram continues to shrink, with the fast and slow lines converging and flattening above the zero line. The bullish momentum is nearly exhausted, and short-term correction pressure is rapidly building. The KDJ indicator has turned downward from a high level and has yet to form a golden cross, further confirming the lack of upward strength.

The price has attempted multiple rebounds but failed to stabilize above the middle band, indicating heavy selling pressure in the $76,000–$76,500 range, making it difficult for the bulls to break through in the short term. Key support levels to watch are the psychological $75,000 mark and the $74,500 support zone. Once this area is effectively broken downward, the downside space will open further, targeting the $73,500–$73,000 range.

Overall, market sentiment has shifted from cautious to bearish, and short-term rebounds are merely corrections, unlikely to change the downward trend. Trading-wise, it is advisable to follow the trend, focusing on shorting during rebounds. Consider establishing short positions around $76,000, with strict risk control, and patiently wait for the price to approach lower support levels. #Gate13周年现场直击