4.7 Morning Silk Road and Recommendations

Bitcoin's posture remains bearish with continuous downward movement from the midnight orange candle, dropping from 70322 down to 68269, temporarily in line with Sister Lin's expectations. On the four-hour chart, the sustained volume in the head indicates there is still plenty of room for further decline. Ethereum is closely following Bitcoin's trend, falling from the early morning high of 2168 to the current level of 2107 after reaching a low of 2087. This aligns with Sister Lin's strategy from last night—don't be misled by a single bullish candle. Opening the four-hour K-line chart, Bitcoin's rebound is purely a false rally. From the pattern perspective, this upward move is just a descending flag at a high level; the previous deep decline's main trend has not been shaken at all. The bulls' actions are weak, like stepping on cotton. The moving average system is even more deceptive—short-term averages are firmly pressing down on long-term averages, a classic bearish arrangement. The price is like a child who hasn't been weaned; no matter how much it tries to push upward, it can't break free from these resistance lines. The selling pressure above is like a jack, pressing down hard. As for volume, during the rebound days, trading was thin, with no volume expansion or significant upward movement. Such a volume-less rebound is just naked swimming in Lao Lei's view. Market sentiment should not be taken seriously either. The violent rally over the weekend forced short sellers to close positions passively, essentially a bluff.

$BTC $ETH
Sister Lin's Morning Recommendations
Bitcoin's rebound to around 69,000, short-term support at 68,000, and if broken, continue to watch 67,500-66,000.

Ethereum's rebound to around 2120-2150, with support near 2050, and if broken, continue to watch 2000-1980.

The above are personal suggestions only. Please follow Sister Lin's strategic layout for specific guidance. $BTC