$BTC 4.8 Midday Bitcoin and Ethereum Market Analysis and Trading Suggestions

From the current chart structure, after Bitcoin (BTC) surged and then pulled back on the 1-hour timeframe, it has returned to the previous consolidation range. The short-term moving averages are gradually converging, indicating that a healthy handover process is forming at higher levels, and there are no obvious signs of funds exiting the market. More importantly, the overall upward structure on the 4-hour timeframe remains intact, which means the recent pullback is more of a normal pause during an upward move rather than a trend reversal.

Initially, focus on the short-term support around 71,000. This level has already shown some buying interest. A stronger support level is around 70,500; as long as this area holds, the bullish structure remains unaffected. On the upside, the immediate resistance is near 72,000. If this level is broken smoothly, the next target could be around 73,000, which would further open up upward space.

For Ethereum (ETH), after a high-level pullback, it has also entered a healthy consolidation phase. Clear short-term support has appeared around 2,215, and the more critical structural support is at about 2,190—this level has been tested multiple times and holds strong technical significance. The immediate resistance above is near 2,275, with further resistance at around 2,300. As long as there are no obvious signs of structural weakening, this consolidation is building energy for the next upward wave.

In terms of trading strategy, until the structure is broken, it is still advisable to adopt a low-buying approach for real trading. Focus on the strength of support during pullbacks; as long as key support levels hold, it’s an opportunity to gradually add long positions. Be patient and wait for the consolidation to end and for a clear directional choice. Based on the current structural strength, the probability of an upward breakout remains higher.