Evening thoughts on April 28

Currently, the price is at a relatively high level. After previously reaching a high, there have been multiple instances of pullbacks, which clearly indicates strong selling pressure above. Bulls are facing significant resistance in their attempts to push the price higher. Observing the Bollinger Bands indicator on the daily chart, the opening shows signs of contraction. After touching the upper band, the price has failed to sustain upward expansion and is instead oscillating within the middle to upper band range. The contraction of the Bollinger Bands suggests that price fluctuations are likely to converge, and considering the current price position, the possibility of a downward adjustment in the future is very high. Switching to the 4-hour candlestick chart, Bitcoin's price shows a clear oscillation pattern, with continuously lower highs and also testing lower lows. This pattern fully demonstrates that the bulls are gradually losing dominance, while bears are starting to exert pressure on the price, maintaining a bearish outlook for the evening.

Bitcoin: Short around 95,800, targeting 93,000

Ethereum: Short around 1,840, targeting 175,070,855,697,258