4.24 BTC/ETH Market Outlook:

Bitcoin poked in around 76,500 last night, then started to rebound again. However, the rebound’s high point is decreasing. It faced resistance around 78,600 and pulled back. The current price is around 77,600. The daily (K-line) closed as a bullish doji star. After the previous three consecutive bullish candles came in aggressively, yesterday closed as a bullish doji star, and the bulls have already started to weaken. Today is Friday, so a reversal at a high level is not ruled out—testing around 74,000. The view of shorting the range between 78,000 and 76,000 remains unchanged.

At the daily level: the upper band of the Bollinger Bands shows signs of flattening and slowing down. The KDJ is overbought at high levels; the three lines are sticking together and forming a death cross turning downward. The RSI is turning down as well. The MACD bullish momentum is ongoing, but bullish volume is continuously shrinking. Don’t chase the price higher; the strategy is mainly to short at higher levels. On the 4-hour level: during pullbacks, there have been multiple tests of the mid-band support. Only if this breaks can the downside momentum open up. The MACD bearish volume is in the process of increasing. Both the KDJ and RSI are turning downward. For intraday short-term support, watch 76,000 and 74,000.

For Ethereum: this week it has kept driving around 2,350 and 2,400 to participate in high-level shorts. Around midnight, it quickly poked below the 2,283 line. Zhongliang also posted to remind that short positions should remember to reduce exposure. During rebounds, price repeatedly met resistance around 2,340. Currently, the price is around 2,308, showing stabilization and repair. The idea remains the same: still participate in high-level shorts around 2,350 and 2,400, with downside targets at around 2,300 and 2,250, as well as the 2,200 area. #Gate13周年现场直击 $BTC