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4.22BTC/ETH Market Outlook:
It feels like the whole world is being toyed with by the “yellow-haired guy”—talks, fights, and the yellow-haired guy says he has been preparing for the Iran war for 40 years. He really dares to say everything, and he can say anything. The world is just a makeshift troupe: a monkey-show act performed every day by someone who’s “playing monkeys”…
Yesterday, Bitcoin let a 76,000 range short happen; in the early morning the lowest pullback was around 74,777. This obviously isn’t the bears’ target. The swing short is looking for a breakdown below the 60,000 threshold. Currently, the price is rebounding to around 77,500. This is also not a situation where people are trapped. Today’s shorts should participate in swing setups around 76,000-78,000.
The situation in the Middle East is unstable; with just a little wind and grass, the market whips around. The yellow-haired guy is playing monkey tricks, and the crypto market has fallen into a monkey market. So if you’re running short-term trades, you must strictly cut losses: take profits and exit if you have them. If you’re more focused on a long-term layout, then manage your positions well, keep your hands steady, and watch the price—don’t look at floating losses!
Ethereum’s rebound has reached around 2,360. This area is under pressure from the upper Bollinger band on the 4-hour timeframe; there are signs that the RSI is curving downward. Chasing the rally at this position is definitely not a good idea. Still, focus on selling from the high. The hourly chart is already in a move of pushing higher and then retracing. After KDJ and RSI are both at high levels and overbought, they are turning downward. The price is also about to return to below the upper band. In terms of trading, the approach is still to focus on high shorts. Around 2,360 to 2,400 and 2,450 are areas to consider for participating. For supports below, pay attention to around 2,300, 2,250, and 2,200. Sun Yuchen sues World Liberty Financial$BTC $ETH