#BTC 4.6 Monday Night Bitcoin and Ethereum Latest Analysis and Ideas

Every penny you make is a realization of your knowledge; every penny you lose is a flaw in your understanding. Looking back at the afternoon market, Bitcoin (Big Pie) started rising from 68,821, reaching a high of 70,283, and is now hovering around 69,696. Ethereum (Ether) began to rise from 2,129, reaching a high of 2,174, and is currently fluctuating around 2,150. The afternoon strategy of building positions was also successfully executed!

Based on the current market situation, Bitcoin did not establish effective stability after pushing above 70,000 but instead quickly retreated into a consolidation phase. The overall rhythm has shifted from the previous stair-step upward to a high-level sideways movement with weakness. Similarly, Ethereum, after touching above 2,170, lacked continuation momentum, rising briefly before gradually giving back gains. In the short term, the market shows signs of stagnation. From a technical perspective, neither asset has confirmed a breakout beyond key resistance levels, indicating that selling pressure is beginning to ease. Short-term funds are showing signs of profit-taking, suggesting we are more likely in a correction phase after a rally rather than a continuation of the trend.

On the hourly chart, Bitcoin has shown signs of a lower high after a rebound and pullback, with the market's center of gravity gradually decreasing. Meanwhile, momentum indicators are diverging from the price, indicating weakening upward momentum. The four-hour chart is in a high-level consolidation zone after a rapid rally, with multiple upper shadow candles preventing a strong bullish close, resembling a top-side oscillation pattern. Ethereum is weakening simultaneously, with clearly insufficient rebound strength, generally following a downward correction structure.

4.6 Monday Night
BTC: Short around 70,300-70,500, target 69,000
ETH: Short around 2,170-2,180, target 2,100