Bitcoin and Ethereum recent market trend insights

After a week of continuous rain, I woke up today to find the rain has stopped and I see the long-missed sunshine. The mood on rainy days always feels gloomy, and I lack enthusiasm for work, just want to stay cozy. Now that the sun is out, I immediately feel different, so I’m here to update the content.

The market, like the weather, is starting to warm up. On the first day of this week, we saw a rally. As the saying goes, "Look for gains at the beginning of the month, expect volatility in the middle, and prepare for declines at the end." From the news perspective, this rally is partly influenced by the easing of US-Iran tensions, and also by analyzing Jerome Powell’s speech, which significantly reduces the likelihood of rate hikes. Conversely, the chance of rate cuts increases. Technically, the market has reached a strong support zone from previous waves, so a rebound is expected. But remember, a rebound is just a rebound—don’t blindly chase high! The bearish forces are still not to be underestimated!

Recently, the Lobster AI has been very popular. A token has been derived from Lobster AI, which requires payment of a fee to use—this fee is called a token. This token can be ideally considered as energy? And Bitcoin is often linked to energy, so could Bitcoin’s potential become even larger? Of course, this Lobster is just the beginning. Many ecosystems in the crypto space are still mostly conceptual; real infrastructure, applications, and scenarios are still far from enough.
We all need to keep up with the times to avoid being overwhelmed by the tide of the era and to stand out! So stay informed about new hot topics emerging in the market.

Back to Bitcoin, before its last big drop, it was in a consolidation range of (84,000-95,000) that lasted about 60 days. Then, a second wave of big decline started. After about two months of consolidation, a major trend reappeared. Currently, the 60,000-74,000 range has persisted for 54 days, nearly two months. So, is a major trend about to emerge? Once the trend is clear, just follow the momentum. The resistance for this rebound is near 70,000-71,500, and above that, the target range is 74,000 to 76,000. For intraday traders, waiting for a pullback before entering long positions is the best approach.

Back to Ethereum, it has also reached the support area I previously mentioned, around (1930). It has rebounded nearly 200 points. The resistance above is near 2190, and further up, around 2350 to 2380. Watch for a retest around 2080 during the day; it already retested that level last night. Keep an eye on 2080 and 2190 today.

Please note, this content does not constitute investment advice. Please manage your risks carefully. #四月行情预测 $BTC $ETH