4.30 Wednesday Early Morning Bitcoin and Ethereum Market Analysis and Trading Suggestions

There are no permanent one-sided trends, only eternal responses. No matter how the market performs, sticking to strategies and striking calmly will ultimately give us the upper hand in every long and short showdown! Tonight, let's continue to embrace the profits that belong to the brave with keen instincts and ironclad execution! Looking back at today's market, in the early session, Bitcoin's price faced resistance and fell from the high of 95415, forming a downward channel, touching 94154 before stopping. Subsequently, the bulls formed a rebound offensive, ultimately testing the 95426 line for the second time. Ethereum started its rebound from the low of 1786, reaching an intraday high of 1842, but did not effectively stabilize and showed a technical pullback. Today's bearish outlook has provided space for profit-taking. In the day, a short position was established at 95200, and when the price fell to 94200, a decisive execution was made for a 1000-point profit.

Bitcoin's price continues to oscillate around 95000, forming a clear long-short battleground. From a technical perspective, the 95000-96000 range has created a solid resistance zone, and every time the price touches this area, it faces a large amount of profit-taking pressure. The 93000-93500 area below forms a strong support platform. This structure, with pressure above and support below, causes the price to be trapped in a narrow oscillation range. Combining daily and 4-hour level technical indicators, Bitcoin is facing an upward bottleneck in both the short and medium term. The daily level shows clear overbought conditions, and the 4-hour level lacks upward momentum, with the price nearing resistance levels, maintaining a primarily bearish outlook in the early morning.

Bitcoin: Short near 95300, short-term target: 93500

Ethereum: Short near 1820, short-term target: 1750