Friday Afternoon, April 17th: Latest Ideas and Operations for Bitcoin and Ethereum

Don't chase every wave to catch profits, and don't regret missing out on certain market moves. Stick to your own strategy, control your position sizes, and stability is more commendable than quick gains. Bitcoin continued to decline in the morning, dropping from the high of 75,177 to around 74,429, then gradually recouped losses in the afternoon, currently around 75,110. Ethereum dipped to 2,317 in the morning and rebounded, now hovering near 2,330. The long positions suggested last night were successfully closed.

From the current market trend, the four-hour MACD indicator has formed a death cross at high levels, with the bearish momentum histogram (green bars) beginning to appear and grow, which is a typical sign of weakening upward momentum. Although there was a slight rebound last night, the candlestick bodies were small with long upper shadows, indicating heavy selling pressure in that area. Despite multiple attempts to push above key resistance levels, prices were suppressed. Currently, the technical outlook favors the bears. In the afternoon, Lao Ma provides a high-level short-term trading idea.

Friday Afternoon Trading Strategy:
Bitcoin: Short around 75,300. Target 74,000.
Ethereum: Short around 2,350. Target 2,270.