April 17 Friday Morning Bitcoin Latest Ideas,



Yesterday, the market was unpredictable, with a predominantly bearish trend during the day, with continuous declines in both longs and shorts until the US stock market opened. Then, the bullish and bearish forces started to switch, and in a strong momentum, Bitcoin rose to around 755. Currently, it is oscillating around 750.

Overall, Bitcoin is consolidating at a high level, with obvious selling pressure above. Multiple attempts to break through were blocked at key resistance zones, resulting in a pullback. At the same time, the double top resistance above was repeatedly confirmed, indicating continued short positions at high levels.

In the morning, consider short positions around 751 and above, with a target of 740-730. If it goes down, do not extend the reversal to long positions.
BTC-0.14%
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