After yesterday’s narrow consolidation, today has also seen some fluctuations. After a rebound that was provided late yesterday evening, the price rose to around 67,500 at its highest before meeting resistance and pulling back. Today’s low dipped back to around 66,500 before stopping the fall. It is currently consolidating around 66,800. As for Ethereum, the situation is even weaker: with increased volume, after the price rebounded to 2,060, it faced resistance and dipped below, breaking the short-term resistance at 2,040. It briefly fell back to around 2,025 before stopping the drop, and is currently consolidating around 2,040. The short position placed around 67,100 yesterday was only taken off after holding for a day—these market conditions are truly torturous. Still, we should continue waiting for Monday as it digests the data.

From the perspective of the current four-hour chart, the overall price rebound is still running within a falling channel. The overall market remains in a structure under pressure. As the market undergoes phase-by-phase adjustments, the Bollinger Bands continue to narrow further, which also indicates that a directional break is about to be identified. And since Friday non-farm payrolls has not been digested, the MACD has formed another death cross below the zero line. Overall, the tone remains bearish; for trading other short-term rebounds, it is better to directly set up short positions.

BTC can be shorted at 67,000-67,500, looking at 66,000-65,000. ETH can be shorted at 2,050-2,060, looking at 2,020-2,000. $BTC $ETH #Gate广场四月发帖挑战