$BTC 4.10 Early Morning Bitcoin and Ethereum Latest Market Trends and Strategies

Late-night monitoring, volatility is common. Staying in front of the screen is not impulsive speculation but a long-term pursuit of technical consensus and value belief. Rational play, waiting quietly for dawn. Looking back at Thursday’s Bitcoin, which dropped from around 72k all the way down to the intraday low of 70,466, then fluctuated sideways before reaching the highest point of 72,399 at midnight, with the current level at 71,890. Ethereum closely followed Bitcoin’s trend, falling from the early morning high of 2,238 to the intraday low of 2,156, then rebounding to the evening high of 2,230, with the current level at 2,194.

Taking a quick look at the market, honestly, the more I watch, the more off it feels. Just now, Bitcoin surged above 72,000 again, and many are starting to call for a bull return. But Lao Lei always feels this rebound is weak and panic-driven. The four-hour candle that shot up earlier was immediately shot down, leaving a very long upper shadow. If you look at Bitcoin’s recent performance above 72,000, it stalls there every time, with spot buying sparse—typical false breakout to trap buyers. Also, the downward channel hasn’t been broken. Looking at the four-hour chart magnified, the price is still oscillating within the downtrend channel. Higher highs are getting lower, and all moving averages are pressing down from above. Short-term moving averages want to turn up but are pushed back by long-term averages. So Lao Lei still maintains a high-level outlook early in the morning, including his own short positions which are still held. Interested friends can refer to the details below later.

Early Morning Trading Strategy
Bitcoin around 72,000 can be shorted, target 70k
Ethereum around 2,200 can be shorted, target 2,120