4.27 Sunday Afternoon Bitcoin and Ethereum Market Analysis and Trading Suggestions

Every technical correction is a gift for believers, and every round of pullback accumulates energy to forge stronger momentum for breaking through the six-figure mark. The wise should see: every breath of the crypto market hides secrets; the current oscillation range is a strategic opportunity granted to keen investors. It should be noted that major market movements often arise at the moments of greatest hesitation; the journey of stars and seas quietly sets sail from this seemingly calm consolidation! This morning, the market showed a rise and fall trend. Bitcoin reached a high point of 95289, followed by a technical correction, dipping as low as 93586, simultaneously presenting a downward oscillation trend. After touching a high of 1857 USD in the morning, it faced selling pressure, dropping to a low of 1788.

From a technical analysis perspective, the current daily chart shows obvious phase characteristics. After seven consecutive trading days of closing with bullish candles, the market yesterday recorded a doji bearish candle. From a technical formation standpoint, the doji following seven bullish candles suggests that the previous strong upward momentum is weakening, and a clear divergence of power between bulls and bears is beginning to appear, with some investors adopting a cautious attitude towards the future market. Recently, trading volume has shown a continuous decreasing trend, especially the volume shrinkage over the last three trading days is particularly notable, clearly reflecting the market's diminishing willingness to chase highs. Some profit-takers have begun to choose to cash out, and the psychology of securing profits is gradually spreading in the market. Observing the four-hour chart, the Bollinger Bands are continuously narrowing, with the current price oscillating repeatedly between the upper and middle bands, forming a relatively obvious box consolidation pattern. Over the weekend, the market still trades high and low within the range of 95000-93500.

Bitcoin: Short at around 94500-95000, with a short-term target of 93000.

Ethereum: Short at around 1820, with a short-term target of 1750.