Interpretation of the Market on the Afternoon of April 26, $ETH 4 and Trading Recommendations

BTC (Bitcoin)

After last night's fluctuations and consolidation, Bitcoin has neither broken through the upper resistance nor dropped below the critical support. The current price is around the four-hour support level of 94300, and it's important to pay close attention to the four-hour closing situation. If the closing can hold above 94300, it indicates that the bullish momentum has not yet weakened, and one can continue to watch the resistance levels around 95800 and 96500. Short-term trading can be executed with high short and low long operations within this range; a more conservative short-selling strategy could be implemented around 98500.

If the four-hour closing falls below 94300, it means that this round of four-hour upward wave has come to an end. At that time, pay attention to the support levels around 92800 and 91600. Aggressive long positions can be tried around 91800, while a more cautious approach would be to wait for opportunities near 89300.