#BTC 4.4 Saturday Early Morning Bitcoin and Ethereum Latest Ideas and Analysis

Looking back on the intraday, Bitcoin initially dropped from 67,093 in the morning, reaching a low of 66,282. In the afternoon, Bitcoin rose to 67,288 before starting to decline again, with a low of 66,687. In the evening, it peaked at 67,370 before falling, with a low of 66,508, currently hovering around 67,000. Ethereum started dropping from 2,061 in the morning, with a low of 2,038. In the afternoon, it reached a high of 2,074 and a low of 2,051. In the evening, it rose to 2,081, with a low of 2,041, now fluctuating around 2,050. The short position taken in the evening was successfully secured!

Based on the current market, the four-hour moving averages are all acting as resistance mountains, MACD is barely alive without a golden cross, and RSI is neither high nor low, showing no clear momentum. In the short term, 66,000 is the first support level. If it breaks below, further decline is expected. To turn bullish, it must hold above 67,000; otherwise, any rebound will be a false move. The four-hour chart just started to show some signs of strength but was quickly suppressed. The 66,500 support is barely holding, indicating a tentative bullish presence, but the 67,400 level was directly blocked, and breaking below 67,000 would mean the rebound is over. The hourly chart is even more chaotic, with prices just lying flat after a spike, oscillating between 66,500 and 67,500. MACD's red bars are shrinking quietly, showing no strength for upward movement. If it breaks below 66,500, it needs to retest support; only breaking above 67,500 can signal a potential rally. The larger cycle remains weak, with short-term rebounds lacking strength. Within the range, traders can consider high selling and low buying to scalp for profits. Only a breakout of key levels will confirm the next move.

Saturday, April 4th Early Morning
BTC: Short around 67,500, target 66,500
ETH: Short around 2,080, target 1,980