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Gu Jingci: Bitcoin/Ethereum is expected to continue its upward trend with a pullback in the early morning, likely starting April 7th.

2026-04-07 03:00:17
Shareshare
Bitcoin/Ethereum has been trading sideways since its early morning surge, appearing strong but ultimately lacking substance. The subsequent price action after the initial rise hasn't yielded significant gains, nor has it broken through resistance levels again. Repeated failures to break higher levels suggest weakness. Furthermore, this recent rally was largely a result of verbal sparring between the US and Iran, lacking any substantial positive or negative news. On the daily chart, several consecutive bullish candles indicate a strong uptrend, but the price has failed to break through previous daily highs, potentially forming a double top pattern. On the 4-hour chart, after a rapid rise, the latest candle closed bearish with an upper shadow, indicating weakening upward momentum and potential pullback pressure. Technically, on the 4-hour chart, both the DIF and DEA are above the zero line, with the DIF above the DEA, indicating a bullish trend. However, the MACD histogram is shortening, suggesting weakening upward momentum. Early morning trading suggestions: Short Bitcoin around 69700-70200, target 67000-68000; Short Ethereum around 2150-2160, target 2030-2060. We're here every day, not to prove a high win rate, but simply to let you know our team is always there, monitoring the market 24/7, professional and reliable. Analysis and strategies are for reference only; please bear your own risk. Article review and publication are not timely; please refer to real-time information.
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