Last Friday and Saturday, we highlighted the risks of a high-level pullback. The current trend has basically validated this — BTC has shown a rapid dip.
In the coming week, it's more likely we'll see a mix of "pullbacks + consolidation":
The support below is currently hard to break effectively, and the pressure above is stubbornly holding back, leading the market to oscillate within a range. On the surface, it still seems strong, but the details show a pattern of "pulling up, shaking out, and then slowly retreating". This rhythm resembles a high-level flip, even carrying a bit of a trap for bulls. If we follow the usual play, we can't rule out a potential acceleration downward that releases risk before stabilizing again.
Structurally speaking, Bitcoin $BTC currently looks more like a zigzag consolidation and hasn't formed a clear downward trend. In the short term, it could still maintain an upward bias during the consolidation. The key is the strength of the pullback: if the retracement deepens, the 70-72 range remains an important defense and potential buy zone; if it’s just a mild retreat, it’s likely to continue sideways between 73-75, looking for clearer low opportunities in May. The medium-term direction isn't broken, and overall it still leans bullish, with targets gradually looking toward the 84-88 range. In the short term, keep an eye on the 82K pressure level; only a significant breakout would provide further space; otherwise, we need to be wary of a high-level trend reversal risk.
$ETH 's rhythm basically follows BTC, but is relatively weaker, currently stuck in a high-level triangular consolidation. Such structures often experience one more exploratory move before choosing a direction at the end, so even if the market broadly anticipates a drop, we can't rule out the possibility of another upward push in the short term. Watch the upper 2450-2600 range for resistance, with the lower 2300-2280 as the first support; if that breaks, the retracement space will open further down to the 2200-2150 area.
Overall, this week’s focus remains on "watching the pullback strength". The pullback is a risk release and also lays the groundwork for the next phase of the market; it's after the major coins complete their consolidation and repricing that funds are more likely to flow back into altcoins. In terms of operations, we still recommend controlling positions and responding in batches, especially with high-leverage trading, where extra caution is necessary.
In the coming week, it's more likely we'll see a mix of "pullbacks + consolidation":
The support below is currently hard to break effectively, and the pressure above is stubbornly holding back, leading the market to oscillate within a range. On the surface, it still seems strong, but the details show a pattern of "pulling up, shaking out, and then slowly retreating". This rhythm resembles a high-level flip, even carrying a bit of a trap for bulls. If we follow the usual play, we can't rule out a potential acceleration downward that releases risk before stabilizing again.
Structurally speaking, Bitcoin $BTC currently looks more like a zigzag consolidation and hasn't formed a clear downward trend. In the short term, it could still maintain an upward bias during the consolidation. The key is the strength of the pullback: if the retracement deepens, the 70-72 range remains an important defense and potential buy zone; if it’s just a mild retreat, it’s likely to continue sideways between 73-75, looking for clearer low opportunities in May. The medium-term direction isn't broken, and overall it still leans bullish, with targets gradually looking toward the 84-88 range. In the short term, keep an eye on the 82K pressure level; only a significant breakout would provide further space; otherwise, we need to be wary of a high-level trend reversal risk.
$ETH 's rhythm basically follows BTC, but is relatively weaker, currently stuck in a high-level triangular consolidation. Such structures often experience one more exploratory move before choosing a direction at the end, so even if the market broadly anticipates a drop, we can't rule out the possibility of another upward push in the short term. Watch the upper 2450-2600 range for resistance, with the lower 2300-2280 as the first support; if that breaks, the retracement space will open further down to the 2200-2150 area.
Overall, this week’s focus remains on "watching the pullback strength". The pullback is a risk release and also lays the groundwork for the next phase of the market; it's after the major coins complete their consolidation and repricing that funds are more likely to flow back into altcoins. In terms of operations, we still recommend controlling positions and responding in batches, especially with high-leverage trading, where extra caution is necessary.