4.8 Early Morning

The intraday single-sided correction reached 2.43%. The current quote is 68096. After falling from the high, the short-term correction momentum has not been fully released, and the overall structure remains a high-level oscillation with a slight weakness. The key support levels below have not yet stabilized effectively, and the short-term rebound lacks volume support, with continued weak strength. The short-term market rhythm is dominated by bears, and it is highly likely to continue oscillating downward.
The “ETH” trend is highly correlated with Bitcoin, and its weakness is more pronounced. The intraday correction reached as high as 4.01%, with the current quote at 2076.72. The decline is significantly greater than Bitcoin’s, indicating a strongly weak market characteristic. Without Bitcoin stabilizing and rebounding, the subsequent rebound of “altcoin” is likely to encounter strong resistance above, and the probability of continuing downward after hitting resistance is greatly increased. Trading should closely follow the bear rhythm and strictly control risks.

Bitcoin: Rebound to 68600-69200 with resistance, target 67500-66500

“ETH”: Rebound to 2100-2130 with resistance, target 2050-1980$BTC $ETH #Gate广场四月发帖挑战 #特朗普再下最后通牒