4.17
Market Review
BTC had little fluctuation yesterday, rebounding to 85600 after a pullback near 83000, then falling back again, with a range of about 1-2000 points, failing to break through 86000. ETH also experienced a volatile market, approaching a drop below 1560, but it was not confirmed on the four-hour chart, bouncing back after reaching a low of 1540. The daily chart for BTC shows a small bearish candle, while ETH shows a semi-bearish candle, indicating reduced volatility, suggesting a new market trend may begin. Market sentiment is leaning towards panic, with many bearish outlooks, but excessive bearishness is irrational; one needs to remain calm and wait for a market turning point.
Today's Focus
The four-hour chart for BTC shows volatility, with support levels to watch in the 82500-83600 range. If there is significant retracement on the four-hour chart, attention should be paid to the 82000 support level; if broken, it may drop to 81600. Resistance remains at 86000-88000, and breaking through 88000 could indicate a market reversal, requiring risk management and patience for changes.
On the ETH four-hour chart, the 1560 support level needs attention. If BTC drops significantly affecting ETH's defense, it may break below 1560 and rebound in the 1500-1520 range, with weakened momentum, targeting a rebound of 1580-1630. If 1560 holds, the rebound will continue to focus on the 1660-1720 range, with a breakthrough at 1680 potentially leading directly to 1720-1760.
Recent fluctuations in altcoins are small, with DOGE, S, and SOL showing no significant changes; SOL is slightly stronger but has not developed an independent trend.
Binance and Yuedong's copy trading currently has a win rate of 34:4; currently holding a short position in Bitcoin, expecting a significant drop below 83 to open a bearish market.
