Gu Jingci: 4.16 Bitcoin/Ethereum Morning Trading Strategy and Market Analysis

Bitcoin/Ethereum previously set up short positions above 74,800 and 2,345, with room to explore down to around 73,400 and 2,300. Currently, the market is rebounding again with the help of US-Iran negotiations, reaching a high of about 75,400 and 2,385 in the early hours. The highs are moving lower, and there is a trend of double tops, indicating the market will likely rise sharply and then fall back. The four-hour candlestick chart shows the latest candle is a bearish line with a lower shadow, closing near the lowest point, with volume decreasing compared to the previous two candles, indicating short-term upward momentum is weakening, and the bulls are losing strength.

On the daily chart, a large bearish candle with a long upper shadow appeared on the 14th, accompanied by massive volume, showing strong selling pressure above 2,400. This matches the characteristics of sharp rises and falls with increased volume, suggesting the market may enter a correction phase, currently experiencing a rebound. Technical indicators show the DIF line remains above the DEA line, but the MACD histogram is shrinking from positive values, indicating bullish momentum is waning. The four-hour volume shows a significant decrease in volume for the latest bearish candle compared to previous candles, suggesting short-term selling pressure may not be extremely strong, but combined with the massive selling pressure on the daily chart, caution is needed for a potential pullback.

Morning trading suggestions: Enter short positions around 74,800 to 75,300 for Bitcoin, with targets near 72,500 to 73,500; enter short positions around 2,355 to 2,370 for Ethereum, with targets near 2,250 to 2,300.