Gu Jingci: Bitcoin/Ethereum Trading Strategy with Market Analysis (April 25th)

Bitcoin/Ethereum has been trading sideways for the past two days, with extremely poor momentum in either direction. Bitcoin has shown slight strength but is still gradually declining. The 4-hour chart shows recent narrow-range trading with small candlestick bodies, indicating a consolidation or indecisive market. The daily chart also shows characteristics of a pullback after a sharp rise or fall. The current price is consolidating near the low of the recent downtrend. Technically, on the 4-hour chart, both the DIF and DEA lines are below the zero line, with the DIF line below the DEA line, and the MACD histogram is negative, indicating a current downtrend. However, the MACD histogram's negative values are converging, potentially suggesting weakening bearish momentum. Looking at the 4-hour and daily moving averages, all are turning downwards, with clear resistance around 78000 and the 2330-2340 area. However, there is also some short-term support. The key is whether this level can be broken and held; otherwise, it's likely a continuation pattern within a downtrend, with further declines expected. Bitcoin also ended its multi-day winning streak and began to fall, closing lower. However, without any significant news over the weekend, patience is advised. Trading suggestions: Short Bitcoin around 77700-78000, with a target of 75000-76000; Short Ethereum around 2320-2340, with a target of 2230-2260.