#BTC 4.8 Wednesday Evening: Latest Bitcoin and Ethereum Ideas and Analysis

You can’t control the market, but you can control your positions and mindset. Looking back on the afternoon, after Big Coin’s sharp rally and subsequent consolidation, it has been oscillating below 72,000, with a high of 71,955. It has not broken through the 72,000 level again, and is currently trading around 71,400–71,600. Ethereum is similar: its high is around 2,262, then its low was 2,240. It has not broken today’s new high, and is currently oscillating around 2,240.

Based on the current chart, the pullback and confirmation after the surge is a typical feature of a healthy bullish trend. It not only digests short-term profit-taking, but also repairs indicators that have deviated too far, building up energy for the next leg higher. Strong buy-side support at the lower levels is firm, so the long (bullish) structure has not changed. The four smaller timeframes are moving clearly within an upward channel; the moving-average system remains in a bullish alignment. MA30 and MA60 continue to diverge upward, and price consistently holds above the key moving averages. The pullback lows are clearly higher than the previous breakout lows, with the pattern of successive higher lows intact—this is the core signal of trend continuation. The current oscillation around 71,500 is normal for switching hands. Tonight’s outlook remains bullish. The approach continues to favor buying on the retracement; as long as the four-hour close does not fall below 71,200, the medium-term structure remains relatively strong.

4.8 Wednesday Evening
Bitcoin: Long near 71,000, target 72,600–73,400
Ethereum: Long near 2,220, target 2,270–2,310