$BTC $ETH 4.30 Wednesday early morning Bitcoin Ethereum insights and analysis
There is no eternal one-sidedness, only eternal responses. Regardless of how the market plays out, sticking to strategies and calmly taking action will ultimately allow us to gain the upper hand in every bullish-bearish confrontation! Tonight, let us continue to welcome the profit chapter that belongs to the brave with keen intuition and ironclad execution! Looking back at the intraday market, during the early session, Bitcoin's price faced resistance and fell back from the high of 95415, forming a downward channel, stopping after touching 94154. Subsequently, the market bulls formed a rebound attack, ultimately testing the 95426 line for the second time, while Ethereum's rebound from the low of 1786 peaked at 1842 intraday, but did not effectively hold, resulting in a technical pullback. The intraday short outlook provided space for profit-taking, with a short position established at 95200, and when the price retraced to 94200, a decisive execution of a 1000-point space was harvested.
Bitcoin's price has been fluctuating around 95000, forming a clear bullish-bearish battle zone. From a technical perspective, the 95000-96000 range has built up a solid resistance zone, and every time the price touches this area, it faces a significant amount of profit-taking pressure, while the 93000-93500 area below forms a strong support platform. This pattern of pressure above and support below keeps the price trapped in a narrow fluctuation range. Combining daily and 4-hour technical indicators, Bitcoin faces a rising bottleneck in both the short and medium term, with clear overbought conditions on the daily level and insufficient upward momentum on the 4-hour level. The price is close to the resistance level, remaining predominantly bearish in outlook during the early morning.
Bitcoin: Short near 95500, short-term target: 93500
Ethereum: Short near 1830, short-term target: 1750
