4.27.BTC.ETH. Afternoon Script

Recently, the overall performance has been relatively sluggish, and Bitcoin is in a wide range oscillation phase on the 4-hour cycle. Yesterday, the daily line closed with a doji star, which is usually seen as a signal for a trend reversal. With the end of the month approaching, we should patiently wait for further clarity on the direction.

Recently, many people have been discussing the issue of Sun’s market manipulation, but there has not been a significant decline 📉. The reason is that a giant whale has just purchased 7,000 coins worth over 5 billion, and has directly transferred them from Coinbase to a personal wallet. This means that while some are selling in the market, there is also capital actively buying, thus limiting the downward space for Bitcoin in the short term. However, potential risks cannot be ignored. The liquidation map has been monitored for a long time, and the key position at 820 has over 150 billion in collateral hanging, which is equivalent to holding nearly 10 million Bitcoins. If this position is lost, a chain reaction will be triggered quickly, and the actual market manipulation will be magnified instantly. At that time, the market will not even have the opportunity to build up, and the chips will be surrendered, being crushed instantly.

Regarding Bitcoin, today, we will focus on the area around 94510. If the 4-hour cycle can effectively stabilize above this level, there is a possibility of continued 📈 in the short term, with pressure zones to watch at 95750, 96900, and 98500. If the 4-hour cycle still fails to stabilize above 94510, then there may be a continuation of adjustments in the short term, with support areas sequentially at 93100, 91850, and 90860.

As for Ethereum, yesterday and today there have been attempts to break above the previous highs, but they faced selling pressure, indicating that the selling power above is still significant. Today, we need to observe the area around 1805. If the 4-hour cycle stabilizes above this level, there is hope for continuation 📈, with resistance zones at 1830, 1850, and 1880. If it cannot stabilize above, there are still signs of a continued pullback in the short term, with support levels at 1770, 1750, and 1720.