#BTC 4.6 Monday Afternoon Bitcoin and Ethereum Latest Analysis and Ideas

Not holding because of insufficient understanding; not making profits because of holding for too short a time. Looking back to this morning, Bitcoin (BTC) started rising from around 6735, reaching a high of 69583, currently oscillating around 68845. Ethereum (ETH) began rising near 2048, reaching a peak of 2147, and is now hovering around 2120. The short positions placed in the early morning took a small hit, but reversing to long positions was sharply profitable!

Based on the current market, the four-hour MACD above the zero line is once again opening its fast and slow lines, with the red histogram beginning to expand, indicating a clear increase in bullish momentum. In terms of candlestick patterns, the volume-driven rally in the early session effectively broke through the previous resistance zone of 68800-69000, forming a typical breakout pattern. From the volume perspective, this rally was driven by active buying, with trading volume gradually increasing during the breakout, and a noticeable decrease during pullbacks, indicating a healthy upward continuation pattern. The 69000 level has shifted from previous resistance to current support; as long as the price can stay above this area, the upward space will further open. Market news and capital sentiment are also relatively warm, and the overall technical structure favors the bulls.

4.6 Monday Afternoon
BTC: Long around 68500, target 69500, break to see 70000
ETH: Long around 2100, target 2180