🪙 Bitcoin (BTC)

Bitcoin price violently surged on the evening of April 17, at one point breaking through $78,000, with a highest touch of about $77,970. Analysis believes this rally is a typical “short squeeze” move, driven by forced liquidation of shorts rather than strong spot buying follow-through.

📈 Bullish Strategy (Trend-following)

Aggressive: Lightly go long by chasing within the $77,000 - $77,200 range. Stop-loss can be set near $76,200, with the first target at $78,300, and then $79,000.

Conservative: Wait for the price to pull back to the $76,000 - $76,500 support zone before considering entry. Stop-loss can be set at $75,500, with targets also looking at $78,300 - $79,000.

📉 Bearish Strategy (Counter-trend)

Risk warning: The current market has crowded short positions, making counter-trend shorting extremely risky—no different from “robbing chestnuts from the fire.”

Key level: If the price breaks down below $76,200 with increased volume, it may mean that bullish momentum has weakened and the market may turn to a pullback.

💎 Ethereum (ETH)

Ethereum’s price is currently consolidating around $2,400. Technically, it shows a medium-term bullish setup, while in the short term it needs to digest selling pressure. Institutional funds continue to flow in through ETFs, but there is a severe divergence in the derivatives market between longs and shorts.

📈 Bullish Strategy (Main strategy)

Entry zone: Wait for the price to pull back to the $2,370 - $2,385 support area before going long. This level is supported by the 30-day moving average on the 15-minute chart.

Stop-loss and take-profit: Stop-loss can be set below $2,330. The first target is $2,430 - $2,450; if it can break through, you can further look toward above $2,490.

📉 Bearish Strategy (Secondary strategy)

Entry condition: Only when the price rebounds to around $2,440 - $2,460 and there is a drop in volume with no strong breakout, can you consider attempting a short with a very small position size.

Stop-loss and take-profit: The stop-loss must be set at $2,500. This strategy is a short-term range trade—enter and exit quickly.

Finally, a reminder: the current market is heavily influenced by news, with intense volatility. Please strictly control your position size and set your stop-losses properly.#山寨币强势反弹