#BTC 4.9 Thursday Afternoon Bitcoin and Ethereum Latest Analysis and Outlook

Market can be unpredictable, but your rhythm must remain steady. Holding onto profits and enduring volatility are what qualify you for gains. Looking back, Bitcoin started declining from 72,800 in the early morning, with a low of 70,707, then rebounded to 71,963. The early morning low was 70,466, followed by an upward move to 71,198. Currently, it hovers around the 71,000 range. Ethereum rebounded to 2,238 in the early morning but failed to stabilize and faced resistance, falling back to around 2,170 before stabilizing. The 2,170 level is a key support tested multiple times previously. It started rising from 2,160 this morning, reaching a high of 2,188, and is now fluctuating around 2,180. Last night’s long setup successfully helped students secure nearly 50 points in Ethereum profit, while Bitcoin gained over 1,000 points.

Based on the current market, on the indicator level, the MACD fast and slow lines are still below the zero axis, but the green momentum bars are gradually shrinking, indicating weakening downward momentum. The RSI is approaching the oversold zone again, suggesting a short-term technical correction may be needed. If the price can regain and stay above 2,185, a rebound toward 2,210-2,220 is possible, with further resistance near 2,235.

Bitcoin’s four-hour and daily rebound structures remain intact. The key is whether the four-hour chart can hold the 70,400 support. If it drops below this level again, short-term longs should be temporarily exited, waiting for a pullback to the 69,000-68,000 range before re-entering long positions. Before breaking below 70,400, it’s necessary to wait for a small-timeframe breakout above 71,500, indicating a consolidation phase before the market can attempt a second rally.

Thursday Afternoon, 4.9
Bitcoin: Long around 70,300, target 71,500
Ethereum: Long around 2,150, target 2,210