4.20 Monday morning BTC, ETH outlook



In the early hours of April 20th, Bitcoin fell from 76,200 to a low of 73,700, and is now stabilizing around 74,300; Ethereum followed the move lower as well, dropping from 2,348 to 2,251.

Judging from the market, the four-hour medium-term bullish structure remains intact: the moving averages continue to maintain a bullish alignment. This pullback is a normal accumulation and consolidation after an upward move. The four-hour MACD shows a bottom bullish divergence signal, and technical repair momentum is gradually showing up; combined with continued net inflows into ETFs, institutional fund support remains strong.

Trading suggestions
BTC (Big Coin / “Babe”): Long near 73,500, target 76,200;
ETH: Long near 2,250, target 2,348.
$BTC $ETH
BTC-1,47%
ETH-2,59%
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