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Gu Jingci: Bitcoin/Ethereum Early Morning Trading Strategy and Market Analysis on 4.18
Bitcoin/Ethereum intraday layout, all short positions by the second generation have been closed; these two trades indeed did not provide good ideas. However, the bearish outlook remains unchanged. Although the market has been rising steadily with the help of the Trump news, no substantial positive news has been seen. A temporary ceasefire will not solve the fundamental problems. I firmly believe that the market will experience a significant retracement. The technical analysis has already become invalid, as it is mainly driven by news and sentiment. We can only watch for a pullback and decline. Additionally, crude oil has already started to stabilize, and it’s only a matter of time before this feedback affects the crypto market.
Early morning trading suggestions: Enter short positions at Bitcoin’s current price of 78,200, Ethereum at 2,460, with second-generation targets at 79,500 and 2,500. The targets can be confidently set for further downside.
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