4.3 Friday Night Bitcoin and Ethereum Latest Ideas and Analysis

What you miss is not regret, but a cognitive tax. The next opportunity, don’t just be an observer. If one person trades crypto, it’s gambling; if a group of people trade crypto, it’s a career. We support each other to stay warm, and together we can also get rich. Looking back at the afternoon, Bitcoin rose from the lowest point of 66,416 to the high of 67,288, then retraced to the current level of 66,758. Ethereum closely follows Bitcoin’s trend, rising from the afternoon low of 2,040 to the high of 2,075, then settling at the current level of 2,055.

On the four-hour chart, Bitcoin has been confined within a clear downward parallel channel since March 17. Each successive high is gradually moving lower, with the bears tightening their grip, and the bulls are unable to organize a decent counterattack. If this is the bottom, it’s overly naive. The current key support level is around 66,000, but there are bigger hidden risks—on-chain data shows that the whale transaction coefficient on exchanges has surged to its highest level this year, indicating large holders are busy moving chips onto exchanges, ready to dump. Demand-side concerns are also present; Bitcoin’s apparent demand has turned negative by about -63k coins, and traders’ long-short ratio has fallen below 0.86, with everyone betting on deeper declines. If the 66,000 support level is broken, it’s highly likely to head straight toward the 60,000 range. So, Lao Lei still provides a high-level outlook tonight.

Evening Trading Ideas
Bitcoin around 67,200 can be shorted, target 66,200
Ethereum around 2,070 can be shorted, target 1,980