Wednesday, April 15th, turning point—upward pressure continues to build, shorting is still in the air

Plan your trades, trade your plan. Unity of knowledge and action leads to great success! Yesterday, Bitcoin once again went to test the previous high, then showed signs of pressure and pullback; 76,000 is still difficult to break through. The first attempt failed to break the prior high, which then led to a downward move—showing that resistance overhead is strong.

Yesterday, I provided a short at 75,000-75,500, but I acted a bit too hastily before the market opened and suffered a loss; fortunately, it ultimately moved down as expected. The bearish idea has been realized. At present, the upward move is clearly meeting resistance and pulling back. The broad-range consolidation pattern remains unchanged, and the cyclical pullback has begun accordingly. In the short term, just participate by shorting with the upward momentum!

Overall, on the daily timeframe, it is currently in a choppy downward trend structure. In terms of recent price action, it has been a continuous wide-range tug-of-war. The prior high at 76,000 has formed a clear strong resistance; after a rebound, price quickly falls back upon touching it. Resistance overhead is evident. In the short term, on the daily chart, the candlesticks show long upper wicks, which match the previous high point in an unusually consistent way, forming a clear double-top pattern. On the hourly timeframe, there is already a turnhead signal; under heavy pressure at high levels, price is moving downward. For intraday, short the rebound is enough!

For Wednesday morning, the suggestion is to short BTC/BTC at 74,800-75,000, with targets in the 72,000-70,000 range

$BTC