4.7, Monday, Bitcoin and Ethereum Night Analysis!

The price of Bitcoin and Ethereum has been decreasing day by day. The 80000 mark that has been mentioned for several days has also been fulfilled tonight. Is everyone feeling aggressive about this market? In just one night, Bitcoin dropped 5000 points, and Ethereum is close to 300 points. I won’t mention how many longs have been wiped out. We went long directly during the night and in the morning, and the lower level has also been tested. What are you waiting for, brothers?

From a technical structure perspective, the one-hour technical indicator chart shows that after the downward opening of the running channel, the volume hasn't received any real push. The price has tested resistance, forming a recovery upward. The moving averages are showing a gentle upward trend, and the short-term rhythm is narrow without breaking down, with a clear continuation of recovery. The bearish volume is significantly reduced, showing some signs of turning bullish. Next, I personally expect a continuation of a fluctuating upward adjustment, and our rhythm for the night and morning is to go long at lower levels.

From the four-hour technical indicator chart, the running channel remains flat. The price has not been able to extend lower after a dip, forming a rebound. The volume has already shifted to bullish after a reduction, and the moving averages also show consistent upward momentum. The short-term bullish recovery has achieved effective breakthroughs, and the upper channel is about to open.

Bitcoin trading suggestion: Go long around 78000, target looking at 80000-82000. If it breaks through, continue to look upward!

Ethereum trading suggestion: Go long directly around 1560, target looking at 1600-1660.