A week has come to an end; let's review this week's market performance. Bitcoin shows a pattern of "initial rise followed by decline, surge then pullback." From Monday to Tuesday, the price rebounded from a low of 64,059 and continued upward, reaching a high of 69,288 on Wednesday, hitting a recent rebound high. Subsequently, bullish momentum weakened, and starting Thursday, the price fluctuated and declined, breaking below the 68,000 and 67,000 levels consecutively. On Friday, it dipped to around 66,204. Over the weekend, the price entered a consolidation phase at lower levels, oscillating between 66,500 and 67,500, currently around 66,900. The weekly candlestick closed with a small positive candle with a long upper shadow, indicating heavy selling pressure above and resistance to further rebound. Ethereum's movement has been consistent with Bitcoin; during the week, it briefly recovered to around 2,170 before facing resistance and pulling back. Currently, the price remains around 2,040 in a volatile range. This week, our spot trading strategy resulted in a total profit of 10,850 points on Bitcoin and 488 points on Ethereum.
From a daily chart perspective, Bitcoin first rose then fell this week, with daily candles showing a "surge then decline" pattern. After reaching 69,288 on Wednesday, the price closed lower for several days, falling back below the 5-day and 10-day moving averages. The MACD fast and slow lines crossed below zero, with no significant weakening of the green histogram momentum. The RSI hovers around 40, indicating the downward trend on the daily level has not yet reversed. The support zone at 66,000-66,500 is the week's low and a previous area of high trading volume; if broken, further decline toward 64,000-65,000 is possible. On the four-hour chart, Bitcoin is in a low-level consolidation within a downtrend. After falling from the high of 69,288, the price has been consolidating between 66,204 and 67,554, currently facing resistance below 67,000. The MACD lines are close below zero, with weak red and green histograms; RSI is around 45, indicating an unclear short-term direction. The resistance zone at 67,500-67,800 repeatedly caps upward movement, while support is at 66,200-66,500. Overall, the rebound is weak, and the market shows a bearish consolidation, reaching the top of the downtrend channel. The weekend's consolidation did not break through, so the focus remains on potential downside signals.
For Bitcoin, consider shorting at 67,000-67,500 with a target near 66,000. For Ethereum, consider shorting at 2,050-2,070 with a target near 2,000. #Gate广场四月发帖挑战 $BTC $ETH
