LuChenglun'sPowerDynamics

4.14 Market Analysis and Trading Directions
Last night, Bitcoin bulls maintained strong momentum, pushing upward around 70,500, breaking through multiple resistance levels with increased volume, and this morning accelerating further to a new high in the current phase (reaching 74,870). From the current market situation, the bulls have completely taken control. The daily chart again shows a full-bodied large bullish candle, breaking the previous downward trend line. The altcoin also rose simultaneously, reaching a new high of 2,395 in this phase.
This round of rally was mainly driven by pos

ETH is much weaker than BTC, currently in a downtrend consolidation, and the main force is not strongly supporting the market here. This pattern of "Bollinger Bands extremely narrow + moving averages tightly bound" is a typical calm before the storm. On the 15-minute chart, a large bullish or bearish candle could appear at any time. Do not enter now; wait until the direction is clear before chasing. The Bollinger Band width is only 4.5, so there is still no room in any direction. Entering now will likely result in being hit with stop-losses back and forth!