Friday, April 17th Market Analysis at Noon

According to the latest news, Trump announced that Israel and Lebanon have both agreed to a 10-day ceasefire. This development meets market expectations and is positive for the market. Next, the market’s focus will shift to developments in the US-Iran negotiations. Trump revealed that a second round of US-Iran talks may be held this weekend, and stated that some progress has been made on the Iran issue. As for whether the US-Iran ceasefire will be extended, it is still uncertain. Therefore, this weekend’s situation is quite special, and the broader market may still see large fluctuations. When placing trades, you need to closely follow the latest developments in the US-Iran situation.
Currently, the current price temporarily pauses near the Bollinger Bands’ middle band. Next, a new round of contention between bulls and bears will revolve around the middle band. In the short term, the overall market is dominated by bears, and it depends on how far the pullback will go—there’s no need to rush. The Nasdaq has 12 straight green days. At the double top position of the second pancake M pattern, there is strong support below, but there is no real capital inflow to prop up and support an upside move above. It is recommended to mainly take shorts; a rebound/stop-lossing around 2300 could be an opportunity to try a pullback long.
BTC trading suggestion: short at 75,200, add positions around 76,000, stop loss at 76,600, take profit at 74,500-72,800
ETH trading suggestion: short around 2,365, add positions around 2,400, stop loss at 2,430, take profit at 2,325-22500 1928374656574839201#Gate13周年现场直击 $BTC