Friday, 4.17, strong pressure without breaking, continue short at high levels

Yesterday, Bitcoin fluctuated back and forth at high levels, initially dipping slightly to around 73k, then rebounding back up. However, once it reached about 75.5k, it clearly encountered resistance and couldn't push higher. The entire day saw significant volatility, but it didn't break out in a single direction, with bulls and bears holding a tight stalemate. The high-altitude shorting strategy given yesterday also proved quite effective. Resistance above is obvious, and intraday rebounds continue to be shorted.

Currently, on the daily chart, the trend remains a high-level oscillation, with moving averages tangled together, and neither bulls nor bears gaining an advantage for now. Resistance around 75,000–76k is very evident, with multiple rebounds being suppressed; support at 73k is a short-term key level. If broken, it’s likely to continue testing lower. The 4-hour chart shows a more sideways trend, and indicators haven't provided clear signals. Overall, it’s still bouncing within a range, waiting for a direction to be chosen.

On Friday morning, the suggestion is to short Bitcoin at 75,300–75,800, targeting the 73,000–71,000 zone.