4/17 Bitcoin and ETH Morning Market Analysis: Continued High-Level Shorts, No Change in Volatile Pattern



Bitcoin's "Auntie" reversed V-shaped overnight, heavy selling pressure at the 75,000 level, rebounded and returned to consolidation. Today’s priority is high-level shorts, avoid chasing the rally.
Bitcoin dropped from 75,200 overnight to 73,300, now consolidating around 74,800. The daily chart shows a long upper shadow, indicating weak rebound; "Auntie" dropped from 2,370 to 2,290, now consolidating around 2,330, with the bearish trend unchanged.

Trading Suggestions:
Short Bitcoin on rebounds between 75,000-75,500, target 73,800-73,000, stop loss at 76,000; if it breaks below 73,000, look for a move towards 72,500-72,000.
Short ETH on rebounds between 2,350-2,370, target 2,300-2,280, stop loss at 2,390; if it stabilizes at 2,280, consider light long positions, target 2,320-2,340, with strict stop loss.

Warm reminder: Market volatility is fast, strategies are for reference only. Manage risk properly, trade at your own risk! $ETH $BTC
ETH-1.33%
BTC-0.4%
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