Everything that should be said has been said, and not a word that shouldn't be said has been said. Is this still something that needs to be taught hand in hand?
This month, special attention should be paid to the monthly candlestick level pullback actions. Currently, the daily candlestick level has been in the top area for too long, and the key at this stage is to wait for it to break through the upper or lower bounds of the horizontal range. If it breaks above 95700, it is expected to continue to explore the resistance range of 985 to 995; if it breaks below 920, further observation towards the support range of 895 to 885 can be made. To break the constraints of the daily horizontal range, very strong bullish or bearish momentum is necessary; otherwise, it will still be wide-ranging fluctuations.
Today, attention is focused on the support level around 94575 for Bitcoin. As long as the 4-hour cycle stabilizes at this position, there is still upward potential. The upper resistance levels to watch are 95750, 96980, and 98500. If the 4-hour cycle loses this position, the bearish momentum will trigger a short-term correction, and the lower support levels to focus on are 93555, 92850, and 91615.
For Ethereum today, the 1800 level serves as the boundary line. As long as the 4-hour cycle does not break this position, the overall momentum remains relatively strong. The upward resistance ranges to watch are 1830, 1855, and 1878. If broken, a short-term correction may occur, with lower support levels at 1760, 1730, and 1695.
Yesterday, the daily line closed with a bullish candle, and in the early morning, there was a wave of up-and-down volatility. Overall, the daily line level has begun to gradually gain strength, but it still belongs to a small-scale oscillation structure, and it has not truly stabilized and formed a breakthrough rally. Since the daily line has not yet escaped the oscillation pattern, the fluctuations at the 4-hour level will naturally be more intense, but the oscillation range at the 4-hour level is wider, and the fluctuations are larger. From the current daily line structure, there is a brewing possibility of a breakthrough and continued upward movement. The next key point is to see how May starts, whether it will first pull back before rallying or choose to break through directly and continue to surge before adjusting.
Today's key observation point for Bitcoin is the 94700 level. Only if the 4-hour cycle can stabilize above this level can there be hope for further gains. The resistance areas above are 95750, 96900, and 98500. However, if the 4-hour cycle cannot stabilize above 94700, then one must be wary of a pullback, with key support levels to watch being 93700, 92630, and 91800.
For Ethereum today, the focus is on the 1801 level. If the 4-hour cycle can close above this, there is a possibility of further upward movement. The resistance above is at 1830, 1855, and 1880. Conversely, if it cannot stabilize above 1801, then a 4-hour cycle adjustment may unfold, with support levels to watch being 1777, 1750, and 1718.
The big coin has really been stable to the point of being nauseating these days; it remains a part of the overall trend. When there are no major developments, it is a good time to consolidate.
Tonight, the big coin's key support to watch is 94500. As long as the 4-hour period does not stabilize below this level, even if there is a short-term pullback, it is still likely to remain strong, with a high probability of continuing to oscillate upwards. Focus on several resistance areas above: 95750, 96990, 98500. If the 4-hour closes below 94500 tonight, then we need to be cautious of a pullback risk in the short-term structure. Below, we can look at several support levels: 93550, 92750, 91890.
Tonight, the focus for Yitai is on the support near 1810. If it does not break below this level in the 4-hour timeframe, there is still a chance of continuing to move upwards after a short-term pullback. The resistance areas to watch are 1850, 1880, 1905. If the 4-hour period breaks below tonight, the short-term trend may turn weak, and it might test the lower support areas: 1765, 1740, 1725.
After a slight pullback last night, the market has rebounded, maintaining overall strength without a significant decline. If one must operate in such a volatile market, it is necessary to focus on the top and bottom of the trading range. Currently, Bitcoin is still in a high position on the daily chart, while the 4-hour cycle shows broad fluctuations, with both low and high patterns coexisting. There is no need to expect a major trend; flexibility in response is key during this sideways market.
Today, pay attention to the key support level of 94350 for Bitcoin. As long as the 4-hour closing stabilizes above this level, even if there is a slight pullback, there is still room for upward movement. The resistance above is at 95760, 96990, and 98500. If the 4-hour closing breaks below the support of 94350, the 4-hour cycle will confirm the start of a correction, with key support levels to watch at 93500, 92700, and 91860, gradually looking for new support.
For Ethereum, today we observe the line at 1795. As long as the 4-hour closing stabilizes above this level, a short-term pullback is a normal occurrence, and the overall trend still leans towards upward movement. The resistance above is sequentially at 1822, 1855, and 1880. If the 4-hour closing fails to hold, it will also enter a corrective phase in the 4-hour cycle, with support levels looking at 1780, 1765, 1745, and 1720.
Currently maintaining a high-level consolidation pattern, the weekly level shows that the adjustment is basically complete, indicating the possibility of a second round of upward attack. The daily structure remains intact, overall still dominated by buying on dips.
The Bitcoin 4-hour chart shows that it is in a technical correction phase, avoid blindly chasing highs. Key support areas to watch are the range of 92825 to 91650, this area can serve as an important defense for buying on dips. If the support at 91650 is effectively broken during the day, it could trigger a deeper correction to the 89300 to 870 area. The primary resistance above is at the 957 level, and it is advisable to remain cautious until it is effectively broken.
The Ethereum daily level maintains a buying on dips pattern, with a quick drop in the morning followed by a rapid rebound showing strong buying power below. The 4-hour period still needs time to complete the consolidation, watch the support zone at 1735 and 1720, maintaining stability in this area will support upward movement, followed by resistance levels of 1858, 1890, and 1950. If the support at 1720 is effectively broken, it may drop to the 1683 and 1630 area, or even test the integer level of 1600.
Current market structure and key observation points: the bullish logic of a triple bottom and trend line breakout. Currently forming a triple bottom structure in a key support area and successfully breaking through the descending trend line, confirming the short-term bullish trend. Historical price movements show that similar patterns, such as 📉 breaking the trend line and then quickly recovering, are often accompanied by strong rebounds. Therefore, currently standing above the trend line still possesses further upward momentum.
The position of 95577 indicates that the 0.236 retracement level has verified its resistance effect. If this level is subsequently broken, it may further challenge the liquidity dense areas above 100K, such as 102K or 103K. The 850 and 84800 range is currently the most important trend line support, with unexecuted buy orders accumulating at 815 and 830 below, making this support more significant. If there is a quick rebound after a pullback, it may confirm a new upward trend 📈. Previously, there was a rapid rise from 760 to above 950, forming a tight trading range, leading to a large number of liquidations. The current high-level consolidation may form a holding pattern, and if the support band of 880 and 9000 is broken, it may trigger further retracement.
Two scenarios are anticipated: 📈 If there is a pullback followed by a continuation to new highs, the key condition is a pullback near 850 and stabilization, forming a pullback-rebound-pullback bottoming structure. Breaking 95577 may lead to a surge towards 102K and 103K to capture liquidity above. If it rebounds to above 100K but fails to hold, it may form a triple top structure, followed by a turn to 📉. In the 📉 scenario, breaking the trend line accelerates the decline, with the key condition being a 📉 break of the 850 support that cannot quickly recover, leading to the failure of the trend line. It may then test the liquidity areas of 815 and 830, or even further test the previous low of 760.
Recently, the overall performance has been relatively sluggish, and Bitcoin is in a wide range oscillation phase on the 4-hour cycle. Yesterday, the daily line closed with a doji star, which is usually seen as a signal for a trend reversal. With the end of the month approaching, we should patiently wait for further clarity on the direction.
Recently, many people have been discussing the issue of Sun’s market manipulation, but there has not been a significant decline 📉. The reason is that a giant whale has just purchased 7,000 coins worth over 5 billion, and has directly transferred them from Coinbase to a personal wallet. This means that while some are selling in the market, there is also capital actively buying, thus limiting the downward space for Bitcoin in the short term. However, potential risks cannot be ignored. The liquidation map has been monitored for a long time, and the key position at 820 has over 150 billion in collateral hanging, which is equivalent to holding nearly 10 million Bitcoins. If this position is lost, a chain reaction will be triggered quickly, and the actual market manipulation will be magnified instantly. At that time, the market will not even have the opportunity to build up, and the chips will be surrendered, being crushed instantly.
Regarding Bitcoin, today, we will focus on the area around 94510. If the 4-hour cycle can effectively stabilize above this level, there is a possibility of continued 📈 in the short term, with pressure zones to watch at 95750, 96900, and 98500. If the 4-hour cycle still fails to stabilize above 94510, then there may be a continuation of adjustments in the short term, with support areas sequentially at 93100, 91850, and 90860.
As for Ethereum, yesterday and today there have been attempts to break above the previous highs, but they faced selling pressure, indicating that the selling power above is still significant. Today, we need to observe the area around 1805. If the 4-hour cycle stabilizes above this level, there is hope for continuation 📈, with resistance zones at 1830, 1850, and 1880. If it cannot stabilize above, there are still signs of a continued pullback in the short term, with support levels at 1770, 1750, and 1720.
After the formation of the triple bottom structure, the first round of rebound was completed as expected and effectively broke through the original descending trend line in the 760,900 range. It has currently reached the key resistance near 96700, with signs of volume divergence appearing at the pivot level, which requires vigilance against short-term false breakout risks. If it quickly stabilizes and rebounds after testing the 84500 support, it would confirm an upward continuation pattern, with further potential to attack the 100,000 target range. If it further declines to the support around 820 before rebounding, it would be considered a pullback confirmation after a breakdown, and the market may continue to explore new lows. It has currently run to a key resistance area, and it is not advisable to chase higher in the short term, so be wary of false breakouts. If there is a rebound after testing the area near 84500, it can be seen as a second entry opportunity; if it breaks below 820, the trend will weaken, and further downside risk should be guarded against. Market sentiment has shifted from extreme pessimism to optimism, and it is necessary to be cautious of the main forces taking the opportunity to sell, waiting for confirmation of a second round of downward signals. Zihao's simple view is that this round of rebound is in line with expectations, but there is a peak risk near 96700, so it is essential to pay close attention to the performance of the 845 and 820 support zones to determine the direction of the market.
Currently, the 4-hour level shows a box range fluctuation pattern, with key intervals to focus on being 94400 and 95775. It is important to pay special attention to the validity of the 94300 support level. If this position can hold firm at the end of the 4-hour period, there is still potential for a short-term upward test of the resistance levels at 95775 and 96985. Conversely, if it effectively breaks below 94300, a downward test of the 93000 support band may occur. From a momentum perspective, although yesterday broke through the 94900 level, sustained upward momentum is lacking. Considering there was no volatility over the weekend, it is better to be cautious.
Today, for Bitcoin, pay attention to the watershed at 94300. If the 4-hour level does not break this position, a minor pullback will still allow for continued upward movement, with upper resistance levels to watch at 95800, 96950, and 98500. If the 4-hour level breaks below 94300, the 4-hour level will start to correct, with lower support levels to note at 93000, 97895, and 90880.
For Ethereum, pay attention to the key position at 1780 today. If the 4-hour level does not break, a minor pullback will continue upward. Watch upper resistance levels at 1815, 1835, and 1870. If the 4-hour level breaks this position, lower support levels to note are at 1755, 1720, and 1686.
Bitcoin tested the previous high for the first time in the evening and then slightly retraced, followed by a second breakthrough of the 95780 level. Currently, short-term momentum appears slightly fatigued; if it can hold this position overnight, it may confirm a new upward trend, targeting the 98500 and 99400 resistance range, where potential short opportunities can be noted.
For Bitcoin, closely monitor 93855 (key support at the 4-hour level); if it holds, the bullish pattern is maintained, with subsequent attention on 95780, 96980, and 98500. If 93855 is lost, it may retrace to test the support zones of 92840, 91880, and 90875.
Ethereum failed to effectively break the previous high in the evening, with 1775 becoming a key dividing line. After stabilizing, it is expected to test resistance at 1837, 1866, and 1903; if it loses 1775, it may drop to the support areas of 1745, 1721, and 1695.
Friday nights are typically the most volatile periods, while weekends tend to be calmer. Currently, if it cannot effectively hold the previous high, caution is needed for false breakout risks; those without positions are advised to patiently wait for retracement opportunities.
If Bitcoin holds above 95780, it can be bullish towards the 98500-99400 range; if it breaks below 93855, consider short positions. Ethereum remains bullish above 1775; if it breaks below, it shifts to short positions.
Bitcoin continues to oscillate at the top, direction selection should pay attention to two key previous highs of 94900 and previous lows around 91500. If it cannot break through 94700, there is still a need for a short-term pullback; conversely, if it holds the support of 91500, then the rebound momentum is retained. The focus is on high selling and low buying within the range, avoiding excessive holding before a breakout.
Today's key watershed for Bitcoin's bullish defense line is at the critical position of 93100. If it stabilizes at the 4-hour level, it can look to pressure zones at 94700, 96250, and 97500. If the 4-hour level breaks 93150, be cautious of pullbacks to support zones at 91900, 90880, and 89700.
The short-term direction confirmation point for Ethereum is at the strong signal position of 1770, which serves as a dividing line of strength at the 4-hour level. If it stabilizes at this position, it is expected to test pressure zones at 1805, 1835, and 1862. If it continues to be under pressure below 1770, support should be monitored at the step support zones of 1745, 1715, 1695, and 1663.
Currently, Bitcoin is at a critical watershed, and it is essential to pay close attention to whether the 93000 level can be effectively broken through during the night. If it can stabilize above this level on the hourly chart, it indicates that the short-term pullback has come to an end, and there is hope for another test of the previous high. The resistance zone above can be observed in the range of 94900 to 97365; if there is a sign of stagnation after hitting this pressure, caution is required for small-scale pullback risks. If it fails to stabilize at the critical position of 93000 during the night, a continuation of the consolidation may occur, with support seen in the range of 91850 to 89700. It is particularly important to observe whether the daytime low is breached; if it is effectively broken, a short-term downward structure will form.
Ethereum is also facing a directional choice, with 1770 being the boundary line for the critical point. If it stabilizes above this level on the 4-hour chart, the upward target can be viewed at the 1805 to 1860 resistance zone; conversely, if it faces pressure and falls back, the focus should be on the defense of the 1715 to 1670 support area. The strength of the night trend will depend on the outcome of the contest for the 1770 position.
Bitcoin and Ethereum's overnight test of key resistance was unsuccessful, indicating strong selling pressure above. If there is no effective breakthrough in the short term, the market may turn to a pullback for consolidation. Current data shows that the sentiment for bullish trading has surged to 62%. This is a typical contrarian signal; when too many people are bullish, the market makers will not let them profit. Their logic is always: the more bearish you are, the more it will rise to show you, first blowing up the bullish positions, and then harvesting the retail traders. Do not follow the emotion, and do not fixate on the candlestick chart imagining straight-ups and straight-downs; this is the most dangerous and lucrative phase. Once key positions are broken, it will be the ignition point for bullish sentiment.
Today, pay attention to the key watershed at 94910 for Bitcoin, which is a daily level reversal point, originating from the rebound high at 78200. Whether it breaks or not will determine the subsequent direction. During the day, focus on whether the 4-hour level can stabilize above 92910; if not, the probability of a pullback increases. Watch for the support levels below at 91850, 90880, and 89713. A reversal signal requires the 4-hour closing price to stabilize back above 92910, with targets looking towards the pressure zones of 93888, 94900, and 96220.
For Ethereum, today pay attention to the strength threshold at 1772, which is a short-term dividing line for strength and weakness. If the 4-hour level loses this position, it will probe down to the support zones at 1740, 1715, 1690, and 1658. The condition for recovery is that the 4-hour closing price must stabilize above 1772 before challenging the resistance zones at 1805, 1838, and 1865.
Currently, the 4-hour level shows a top consolidation pattern, with a key watershed at the 92500 level. If it fails to stabilize above this position, it may test the 92000 support area downwards in the short term; conversely, if it stabilizes, a small-level rebound may be triggered. It should be noted that the daily high of 94850 remains a critical boundary; until it is effectively broken, there is still a risk of a pullback.
Pay attention to the first line of defense at the 92000 key position during the night; if the 4-hour level breaks down, the subsequent levels to watch are 91000, 89600, and 88250. If the 1-hour level stabilizes above 93050, it can alleviate the pullback pressure; after breaking through, resistance levels to reference are 94100, 94900, and 96200.
During the night, pay attention to the short-term strength anchor at the 1775 key position; if it continues to be under pressure, it will test the 1740 support downwards. If it fails, it will accelerate the pullback below 1710. A reversal requires the 1-hour level to stabilize above 1770, with upper pressure areas to watch being 1805, 1835, and 1865 in these step resistance zones.
Currently showing a strong upward trend, the bulls are facing significant pressure. It is important to clarify that although the performance is strong, if the daily line cannot effectively break through the crucial level of 98500, the return of a bull market cannot be confirmed. For now, it can only be defined as a large-scale rebound.
Today, pay attention to the key level of 92500 for Bitcoin. As long as it does not drop below this level on the 1-hour chart, watch for important resistance zones at 93500, 95000, and 96300 above. If it drops below the support level of 92500 on the 1-hour chart, a 1-hour adjustment may occur, with support levels to watch at 91300, 90000, and 88915 below.
For Ethereum, pay attention to the key level of 1770 today. If it does not drop below this level on the 1-hour chart, watch for resistance levels at 1800, 1840, and 1850 above. If it drops below this level on the 1-hour chart, it may test support levels at 1740, 1715, and 1685.