Weekend Operation Focus for 4/26
Bitcoin broke through the resistance of 94200 at night, as expected it reached 95500-96000 and faced resistance before falling back. The daily candlestick has been closing with continuous shadows, indicating that the bullish momentum is not strong enough for a breakthrough. The bears are also facing strong selling pressure at high levels, leading to intense long-short battles. With the main players resting over the weekend, liquidity will be relatively poor. Overall, as long as the major structure does not break 96000, we expect a return to the fourth wave as the main scenario. In the short term, 92000 acts as a dividing line for long and short positions; if the four-hour bearish candlestick breaks below, it will enter a retracement structure. At that point, we will focus on the support at 88000-87000, and if broken, we will look at 84000-83000. Overall, after the fourth wave retracement, there will be a rise again, with a target of 100000 for Bitcoin.
Similarly, for Ethereum, the third wave is nearing its end, with a key focus on 1820/1920. Over the weekend, pay attention to the resistance at 1800-1820. If a breakthrough cannot be formed, it will create a small double top pattern. The dividing line for long and short positions below is at 1750; if the four-hour bearish candlestick breaks below, it will enter a retracement structure. At that point, we will focus on the support at 1690-1710, and if broken, we will look at 1600-1550. Overall, after the fourth wave retracement, we expect a rise again with a target of 2000-2100.