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$BTC 4.7 Early Morning Bitcoin and Ethereum Latest Ideas and Analysis
The universe is still uncertain; we are all dark horses. Don’t look at others, just listen to your heart. Never give up! Faith as solid as a rock, a hundredfold expectation. Looking back at Monday, Bitcoin rose from an early low of 67,347 all the way up to an evening high of 70,283. Then it retraced to a low of 69,163 and reached the current level of 69,927 in the early morning. Ethereum closely followed Bitcoin’s trend, rising from an early low of 2,050 to a midday high of 2,174, then settling at the current level of 2,165.
Brothers, Lao Lei is back again. The four-hour chart is very clear now. The move over the weekend was at best a technical rebound within a bearish trend; don’t mistake it for a reversal. Looking at the macro, the situation in the Middle East could change at any time. Geopolitical risks are always present, and market risk aversion sentiment won’t dissipate so quickly. On-chain data is also not optimistic; whales are still reducing their holdings. This large-scale distribution cycle has not ended at all. So Lao Lei still offers high-level ideas in the early morning.
Early Morning Trading Ideas
Bitcoin around 70,500 can be shorted, target 68,000
Ethereum around 2,180 can be shorted, target 2,050