In the morning, after providing the idea of following the trend to go long, Bitcoin and Ethereum continued their upward momentum. Bitcoin once again pushed higher, reaching a high of 72,743, and Ethereum peaked around 2,273. After briefly hitting new highs, market sentiment was further boosted. However, after the surge at high levels, the buying strength above began to weaken, and the market quickly entered a pullback and consolidation phase. So far, it has basically given back the bullish gains from this morning’s rally. For those who entered early and followed the trend, this upward move still offers good profit potential. The long positions entered in line with the trend also successfully reached the expected profit targets. Grasping the trend allows profits to naturally unfold with the rhythm.

From the current structure perspective, Bitcoin on the 1-hour chart rebounded after a pullback and returned to the previous consolidation range. Short-term moving averages are beginning to converge, indicating a high-level rotation phase in the short term. However, the overall upward structure on the 4-hour chart remains intact. Support below is around 71,000, with further strong support near 70,500. On the upside, watch for short-term resistance around 71,850 and further resistance near 72,400. As for Ethereum, after a high-level pullback, it also entered a consolidation phase. Support around 2,215 provides short-term backing, while the current more notable structural support is near 2,190. On the upside, focus on short-term resistance around 2,255 and further pressure near 2,285. Until a clear weakening structure appears, it’s still advisable to participate in low-buying strategies. Continue to pay attention to the strength of support after pullbacks. #Gate广场四月发帖挑战 $BTC