4.13 Morning Analysis

The 1-hour chart shows a clear bearish trend; the price has sharply fallen from the high of 73,799, repeatedly breaking below the Bollinger middle band and lower band, with the moving averages arranged in a bearish alignment that suppresses upward movement.
Current price is running close to the lower band, the rebound strength is extremely weak, and the low has probed down to 70,570—indicating a clear bearish trend.
Although the KDJ indicator has rebounded slightly, it remains in a weak range with no reversal signals; the Bollinger Bands continue to widen downward, and bearish momentum has not weakened.
There is no positive news catalyst on the news front; the short-term rebound is only a technical correction, and the high-to-short mindset remains unchanged.
On the upside, watch the 71,850 resistance level; if the rebound encounters resistance, follow with positions accordingly. Support is at 70,500; if it breaks, it will further probe down toward the 70,000 level.
Trading suggestion: Short at 71,400-72,000, targets at 69,400-70,000.$ETH