Gu Jingci: Bitcoin/Ethereum's weekly chart ends its winning streak on April 30th, trending downwards.

2026-04-30 01:18:39
Shareshare
Bitcoin/Ethereum broke out of its recent sideways consolidation last night following news, falling again to near 74900 and 2220, indicating a bearish overall trend with significant selling pressure. The 4-hour chart shows a sharp drop from recent highs, with two consecutive large bearish candles indicating strong selling pressure. The subsequent rebound reached the previous consolidation zone, showing a clear top-to-bottom reversal and indicating selling pressure during the rebound. The daily chart shows consecutive large bearish candles in recent days, confirming a clear downtrend; the current daily chart shows a slight rebound. The 4-hour MACD indicator shows both the DIF and DEA lines below the zero line, with the DIF line below the DEA line, and the MACD histogram is negative, indicating an overall bearish trend. The current rebound candles show relatively low volume, indicating insufficient buying power and limited upward momentum, failing to effectively support a sustained price increase. Morning trading suggestions: Continue shorting Bitcoin around 76300-76800, with a target of 74000-75000; continue shorting Ethereum around 2270-2290, with a target of 2180-2220. We're here every day, not to prove a high win rate, but simply to let you know that our team is always present, monitoring the market 24/7, professional and reliable. Analysis and strategies are for reference only; please bear your own risks. Article review and publication are not timely; please refer to real-time information.
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