4.15 Morning Market Analysis



After BTC spiked to 76,000 yesterday, it fell as expected. It continued to drop from the high and hit a low of 73,743. At the moment, it is consolidating around 74,000. The bearish trend is fully established, and any rebound is a sell-short opportunity.

Yesterday’s high was predicted with precision for the sharp drop. The idea of shorting high above 75,000 was perfectly executed, locking in nearly 2,000 points of space. The current market has shifted from a one-way surge to a rangebound and downward decline. Bullish momentum has completely weakened; profit-taking keeps pressuring prices down. The technical side shows a clear dead-cross signal, the M-top pattern is confirmed, and there is still room for further downside. 75,500-76,000 is a strong resistance zone, and 73,700 is short-term support.

Trading Suggestions

BTC: Sell short on rebounds in the 74,700-75,200 range. Targets: 73,700; if it breaks down, look for 73,500-72800#加密市场回升 $BTC $ETH
BTC-0.11%
ETH-1.42%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin