4.30 Market Analysis BTC, ETH
Brothers, today is the last day of April, and the monthly candle is about to take shape. We need to pay attention to potential monthly level pullbacks. The current market is stagnant, and unless there is an effective breakthrough at the top and bottom of the daily horizontal range, it is likely to continue in a fluctuating pattern. Currently, the value of participating in the wide fluctuations is limited; intraday strategies should still focus on high short and low long positions around the horizontal range.
For BTC, we need to pay close attention to the position of 94700 today. Only when the 4-hour level firmly stands above this position can we anticipate a continuation of upward momentum. The resistance levels above are 95700, 96900, and 98400.
If it fails to stabilize above 94700, a short-term retracement mode will be activated, with support levels at 93700, 92700, and 91800.
For ETH, we need to focus on the position of 1805. If the hourly level can effectively break through and stabilize at this position, there is hope for a push towards 1830, 1855, and 1880 in the future.
Conversely, if the 4-hour candle close fails to stay above 1805, a short-term retracement will be initiated, with support levels around 1780, 1750, and 1720.
