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April 12th, Sunday Afternoon BTC/ETH Sharing
At midnight, a full network position of 73,600 shorts was publicly established, with precise profit-taking in the morning, capturing 1,600 points of space.
After a consecutive bullish daily line, a large bearish candle suddenly appeared, almost erasing two days of gains. Although the high points are still rising, the frequent upper shadows have confirmed heavy selling pressure above, making it difficult to sustain in the short term.
After the indicator becomes dull at high levels and turns around, the death cross initially appears, with the larger cycle continuing to favor high-altitude trading.
On the 4-hour level, the K-line has broken below the midline, and after a sharp decline, it entered a consolidation with decreasing volume.
Indicators are repairing at low levels, and there may be a short-term rebound demand, but the trend suppression is obvious.
Patience is advised, waiting for a rebound to create a second short entry opportunity!
Trading Suggestions:
Bitcoin (BTC) in the 71,800-72,500 range for shorting, target 69,900
Ethereum (ETH) in the 2,230-2,260 range for shorting, target 2,120
$BTC $ETH #原油小幅上涨 #美伊停火协议谈判再生变故 #加密市场回升