25/04/27 BTC under 0.618 pressure, conflict in the India-Pakistan region escalates, US dollar index short-term rebound.

Last week, the US stock market had mostly upward days, with the S&P 500 and NASDAQ indices rebounding past the large bullish candlestick on the 9th. Theoretically, we continue to look bullish, watching for the harmonic pattern to complete and test the ascending trend line again, with opportunities for further declines.

The weekly closing of Bitcoin shows a bullish candlestick and has formed a U-shaped rebound, facing the likelihood of a one-time breakthrough of so many pressures from the upper platform being low.

The daily chart of the US Dollar Index has shown a rebound, and it cannot be ruled out that it will test the support near 100 dollars, which has been broken for two years, especially as the India-Pakistan conflict continues to escalate. This is actually a well-known conspiracy globally, but it cannot be stopped. It's just a manifestation of the Beautiful Country shifting its crisis...

Bitcoin

Bitcoin rebounded to below the Fibonacci 0.618 without breaking through; the recent rebounds have all been short-lived increases followed by declines. Those without positions previously should not chase after the rise. Since the rebound from 74457, there have been three upward waves, and in the short term, observe a wave 4 correction before looking for the height of wave 5 rebound. Here the gentleman also mentioned that we still need to watch the rebound height of the US stocks.

The 4-hour chart has been oscillating between 91600—96000 since the 23rd, with divergence appearing; if the MACD cannot cross above the zero line again, consider re-entering at 88000—89000.

Support: 88000—89000

Pressure: 96000—100000

Ether

The weekly chart has also shown a rebound, but the magnitude is relatively small. The daily chart reached a high of 1857, and it is not suitable to chase after the rise in the short term. Pay attention to the pullback support at 1723—1676 before looking for a rebound. The ETH/BTC exchange rate rebound is also not strong. After the spike at 0.01766, it is close to a 20-year low.

Support: 1622—1723

Pressure: 1957—2100

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