4.14BTC/ETH Market Outlook:

Recently, the market has been entirely driven by news sentiment, with negotiations happening one moment and breaking down the next, then starting again. A rally to the 74,900 level caused many short-sellers to cut losses or get liquidated, getting trapped. Long positions that were bought in are now profitable. Can the short-sellers not suffer? The rebound is not a reversal. Don’t assume a bull run just because of a price surge; be cautious about rushing to chase the rally…

Yesterday’s daily candle was a large bullish candle pushing higher, making the weekend’s bearish candle look insignificant. The price is pressing against the upper band, rising higher, with KDJ and RSI turning upward. MACD’s bullish momentum continues to expand. Indicators show a rebound demand, and it depends on whether the bulls can sustain at high levels. Whether the momentum is sufficient for further upward movement or if profit-taking and exiting will lead to a sharp drop is a common pattern.

On the 4-hour chart, six consecutive bullish candles are rising, with the price tightly pressing against the upper band and rising higher. KDJ and RSI are in overbought territory, flattening and slowing down, while MACD’s bullish volume continues to increase. The hourly chart currently shows no obvious signs of resistance, although KDJ is overbought and turning downward, and MACD shows divergence. The bullish volume is shrinking, but this is only at the hourly level; more time is needed for confirmation.

Under this trend, cautious traders might choose to wait and see. Chasing the rally is not considered very wise personally. The previous high near 76,000 is close, and negotiations could break down at any time. Any slight disturbance could naturally lead to a sharp sell-off from high levels. For more conservative traders, the opportunity to short has already arrived. The previous high is around 76,000, which is a recent peak. If you don’t short here, where else would you? Once the price pulls back, a retracement to 70,000 or around 65,000 is normal, and there’s significant profit potential in that move. So, if you can manage your position size and tolerate short-term floating losses, shorting now is a valid strategy. Getting caught in a dip or experiencing some paper losses is normal. #WCTC交易赛瓜分800万USDT $BTC