4.26 Saturday Early Morning Bitcoin and Ethereum Market Analysis and Trading Suggestions

In the early morning, a high-level oscillation pattern was presented, with Bitcoin encountering a bearish attack at the high point of 95498, leading to a retraction, and stabilizing after dipping to around 94310. A typical box oscillation pattern was formed in the range of 94300-95500. The Ethereum market also showed an oscillating trend, with a short-term balance zone formed in the range of 1826-1781. Based on professional analysis of candlestick patterns and volume changes, Xiaoge accurately predicted this retracement trend. Although the actual volatility was slightly narrower than expected, it still successfully captured a profit space of over a thousand points.

From the daily chart perspective, Bitcoin has formed a clear ascending channel, with the 20-day moving average and 60-day moving average showing a bullish arrangement. However, the J value in the KDJ indicator has been hovering in the overbought range for several days, indicating a risk of adjustment. On the 4-hour chart, the price is steadily running along the upper track of the Bollinger Bands, and the fast and slow lines of the MACD indicator continue to diverge above the zero line, indicating strong short-term upward momentum. However, it is worth noting that the RSI indicator has approached the overbought area, and after several long bullish candlesticks, there is a slight doji star, which often suggests that the market may need a brief consolidation. Special attention should be paid to the psychological barrier formed by the previous high; if this position is repeatedly tested without breaking, it may trigger profit-taking by bulls. It is recommended to adopt a dual-track thinking of 'short-term bearish on retracement, long-term bullish on trend' in trading strategy.

Bitcoin: short at around 95300-95500 with a short-term target of 93000.

Ethereum: short at around 1820-1830 with a short-term target of 1750.