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Tariffs officially implemented, continuing escalation of the rebound to short! 4.9 BTC ETH strategy
Tariffs have been officially implemented without being suspended by various parties. Moreover, the government is preparing to implement higher tariff policies on imported goods from the United States, leading to an increased market forecast for the possibility of economic recession, and there is still room for further declines in the stock market. Therefore, everyone should be cautious when going long!
From a technical perspective, the daily line has once again closed with an inverted bearish candle, the Bollinger Bands have significantly widened, the KDJ three lines have turned downward again, the MACD double lines have crossed downward, and the trading volume is gradually increasing. Overall, the trend remains bearish, and there are no signs of a bottoming out!
Yesterday, the level of 81200 was expected to hold, and it did not break down as anticipated. It was mentioned multiple times in actual trading that this level is a battleground for bulls and bears. If it does not break, then there will be a subsequent pullback. Coupled with the formal implementation of tariffs, the cryptocurrency price has retreated as expected. The U.S. stock market opened high yesterday and surged 3% before stagnating and pulling back, with the Nasdaq closing down more than 2%. Therefore, the recommendation for intraday trading remains to focus on shorting during rebounds! Key resistance levels to watch are 77500, 78700, 81200, 82700, and 83800, while key support levels are 75700, 74500, 73500, 72000, 71000, and 69300.
4.9 BTC trading strategy: Aggressive traders enter short at the rebound of 77000-77500, while conservative traders enter at 78000-78500, with a stop loss above 79000. The target is set around 76000-75000-74500-74000, and if broken, we look gradually at the lower round numbers.
4.9 ETH trading strategy: Aggressive traders can short at the rebound of 1520-1550, while conservative traders can enter at 1590-1620. Set a stop loss near 1650, with a target of around 1450-1400, and if it breaks, look at 1350-1300.
Long Position Strategy: The consensus is that a significant drop will inevitably lead to a rebound, so those of you going long should set your stop-loss carefully. When the rebound occurs, gradually move up your stop-loss to prevent short sellers from gaining strength!
Still the same saying as yesterday, to boost the coin price, either cancel the tariffs or the Federal Reserve should urgently cut interest rates by no less than 50 basis points! Otherwise, the subsequent bearish trend in coin prices will continue, everyone be cautious about chasing the rise! Yesterday's short positions could capture over 40000 points in BTC, and ETH could gain nearly 150 points. Friends who are following to make profits, please pay attention to moving stop-loss to lock in gains! #ETH #BTC #PI #PEPE #TRUMP