4.2 Thursday Early Morning Bitcoin and Ethereum Latest Market Trends and Analysis

Every cent you earn is a realization of your knowledge; every cent you lose is a tax on your understanding. Understand the rotation to easily navigate through bull and bear markets. #美股迎报复性反弹 Reviewing Wednesday, Bitcoin started oscillating upward from around 68,000 in the morning but failed to break through the 70,000 level. The current price is at 68,900. Ethereum is moving in sync with Bitcoin, oscillating upward around 2,110, with the current price at 2,133.

Recently, Bitcoin's price rebounded after hitting a low, but on the four-hour chart, bullish attempts are frequently met with resistance, and selling pressure above is heavy. Although a small V-shaped rebound appeared on the daily chart, the four-hour chart shows clear signs of weakening upward momentum. Sideways consolidation at high levels often indicates exhausted bullish strength. In the short term, the market is likely to face downward pressure. So, Lao Lei provided a high-level outlook early this morning.

Early Morning Trading Strategy
Short Bitcoin around 68,800 with a target of 67,500
Short Ethereum around 2,150 with a target of 2,070