4.15 Morning Market Analysis



Bitcoin surged to 76,000 yesterday and then sharply dropped as expected, declining from a high and reaching a low of 73,743. Currently, it is oscillating around 74,000, and the bearish trend is fully established; any rebound is a shorting opportunity.

Yesterday's precise prediction of a sharp decline above 75,000 was perfectly fulfilled, with the high shorting strategy above 75,000 successfully capturing nearly 2,000 points of profit. The current market has shifted from a one-sided surge to oscillating decline, with bullish momentum completely exhausted. Profit-taking continues to push prices down, technical indicators show a clear death cross signal, the M-top pattern is confirmed, and there is still room for further decline. The 75,500-76,000 range is a strong resistance, and 73,700 is a short-term support.

Trading Suggestions

Bitcoin: Short at the rebound in the 74,700-75,200 range, targeting 73,700, with a break below targeting 73,500-72,800.
BTC0,34%
ETH-1,28%
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