4.17 BTC/ETH Outlook (Long-term Perspective)


Last night, the market rapidly dipped to test the strong support at 73100, then rebounded to 75500. Both longs and shorts were liquidated by liquidity, and the price action was extreme.
On a macro level, a stronger US stock market supports risk assets, and BTC is consolidating at high levels. However, this is only sentiment-driven alignment, not a fundamental reversal. The market still moves primarily on news, and volatility is easily amplified.
Keep a cautious stance on the bigger trend: there is no clear reversal signal, the structure of the bear market has not been broken, and 5.9万 is very likely not the ultimate bottom of this current correction. This rebound is more like a staged long-side window created by the main participants. When the market is unanimously bullish and leverage rises, another rapid shakeout is likely to follow.
Trading Recommendations
• BTC: 76000-77000 layout long-term short, target 70000, if it breaks down then watch 66000
• ETH: 2450-2500 layout long-term short, target 2180, if it breaks down then watch 1980
Welcome to discuss in the comments section $BTC $ETH $GT #GatePreIPOs首发SpaceX #Gate13周年现场直击 #山寨币强势反弹
BTC2,57%
ETH2,65%
GT2,08%
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ybaser
· 4h ago
Just charge and you're done 👊
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