4.6 Morning Analysis

Currently, Bitcoin is at 69,010.0, up 2.54% for the day.

Short-term performance:

Up 4.60% within one week, indicating short-term rebound momentum

Price has broken through the downward channel below the previous day's closing price

24-hour trading volume reaches $20.04B, indicating high market activity

Medium to long-term trend:

Down 26.45% over 3 months, down 44.09% over 6 months

Current price is well below the all-time high of 126,186.0

52-week price range is between $60,187.0 and $126,186.0, positioned in the lower-middle part of the range

Key technical levels: Focus on the psychological level of 70,000 and short-term moving average resistance. If unable to hold steady, look further down to support around $66,000.

Market Sentiment Analysis

Current price: 2,115.37, up 2.42% for the day

Short-term performance:

Up 6.88% in one week, up 2.29% in one month, with a stronger rebound than Bitcoin

Rapidly surged from a daily low of $2,022.68 to a high of $2,121.27

24-hour trading volume: $9.25B, Market cap: $254.95B

Medium to long-term trend:

Down 34.25% over 3 months, down 53.03% over 6 months

52-week price range is between $1,388.12 and $4,955.90, in the lower-middle part of the range

Since the beginning of the year, down 28.65%

Key technical levels: Focus on resistance in the $2,150–$2,200 area. If effectively broken through, it could open further rebound space. If not, look further down to support around $1,980–$1,920.

Overall Market Conditions

Market sentiment: Overall bearish, 35% bullish, 65% bearish

Technical indicators: KDJ golden cross indicates short-term momentum recovery, but MACD death cross shows increasing bearish momentum, with clear divergence between bulls and bears

Capital flow: Whales are increasing holdings of Ethereum, suspected Bitmine addresses have added another 40k ETH

In summary, the two major cryptocurrencies have experienced a short-term technical rebound after a significant correction, but remain in a bear market cycle or deep correction phase in the medium to long term. Investors should cautiously observe whether prices can hold key resistance levels to determine the sustainability of the rebound. The above is personal advice; please follow Sister Lin’s layout for specific strategies. $BTC