#Gate广场四月发帖挑战 Main Force Undercover Battle: BTC and ETH fluctuate in search of a bottom, capital disagreements intensify!
The market appears calm on the surface but is actually turbulent beneath. BTC repeatedly swings around 67,000, while ETH struggles around the $2,000 mark, with clear bullish and bearish disagreements. Major funds are quietly accumulating at low levels while also dumping at high levels to shake out weak hands, making it easy for retail investors to be washed out back and forth.
1. Today's Market Brief
BTC, current price: around 66,800
24h: volatile downward movement, intraday low reached 65,800, rebound weak
Trend: weak oscillation, dominated by bears, multiple rebounds met with resistance
ETH, current price: around 1,990
24h: decline greater than BTC, once again losing the $2,000 level
Trend: significantly weaker than BTC, capital fleeing more strongly
Summary in one sentence: BTC shows weak oscillation, ETH breaks down and weakens, overall bearish, main forces are controlling the market and shaking out weak hands.
2. Main Capital Movements
1. On-chain: Whales flip-flopping, disagreements are huge
Sell pressure signals
In the past 24 hours, large BTC transfers into exchanges continue, whales are selling in batches at high levels to lock in profits.
Signal of market support, meanwhile, whales holding over 1,000 BTC are accumulating in batches below 66,000, showing obvious hedging and disagreement.
ETH funds mainly flowing out, large holders reducing positions significantly, buying interest weak, sell pressure more direct.
2. ETF: Institutional inflows slight but confidence remains low
BTC spot ETF: slight net inflow of about $69 million, ending a streak of outflows.
ETH spot ETF: weak net inflow, institutions hesitant and cautious. They are testing the bottom but not daring to enter heavily, engaging in light position testing rather than a reversal signal.
3. Futures Market: Main forces are squeezing retail investors
Over $400 million liquidated in the past 24 hours, both longs and shorts wiped out.
Perpetual contract funding rate: continuously negative, market sentiment very bearish, main forces opening shorts at high levels and closing at low levels repeatedly to harvest.
Conclusion
Main forces are controlling the market with oscillations, selling high and buying low, shaking out uncertain hands.
BTC Key Levels
Resistance levels
First resistance: 67,500–68,000 (intraday)
Second resistance: 69,000–70,000 (mid-term)
Support levels
First support: 66,000–65,800
Strong support: 65,000
ETH Key Resistance Levels
First resistance: 2,050–2,100
First support: 1,980–2,000
Strong support: 1,920–1,950
Trend judgment: ETH is clearly weaker than BTC, bears are dominant, with higher risk. Watch more and act less.
3. Tomorrow’s Outlook
BTC: continue to fluctuate in the 65,800–67,500 range, bearish, rebound weak
ETH: follow the weakness, likely testing support at 1,950, high risk of breakdown
Trading keywords: light positions, observe, reduce on rebounds, avoid bottom fishing, manage risk.
