Pal BTC Market Analysis — 4.20 1. Daily Chart 1) After BTC tested the bearish OB at 78, it experienced two consecutive drops over the weekend. Now we’re waiting for the sweep of 732. After the sweep, the next target is the EQL at 705, which was also last week’s low. 2) For now, 78 seems to be the top. A pullback near 76 is still a shorting opportunity. Also, keep an eye on Tuesday, as it’s the expiration date for the temporary ceasefire between the U.S. and Iran, plus the hearing for Kevin Warsh’s nomination as Fed Chair. Pay attention to how news impacts the market—watch out for wicks, as there’s still a chance of hitting 8. 2. Hourly Chart 1) Currently, we’re seeing a downtrend. A pullback to 76 and the H4 bearish OB is still a good opportunity to distribute and short. The next focus remains on the sweep of 732. 2) After the sweep, keep an eye on the area around 715. This could be a spot for accumulation and a rebound opportunity. Then, combine it with Tuesday’s news to see how far the rebound wick might go.