$BTC $ETH On April 21, it’s still better to look for short positions at higher levels during the day. Bitcoin has pulled from 74K to 76.5K; there is strength, but the key is that after going up, it keeps struggling to stay steady, repeatedly being pushed back from the upper boundary. This looks more like a pressure test rather than a continuation; Ethereum is similar, with several attempts around 2340 failing to hold, with continuous upper shadows, clearly indicating someone is taking profits above. Moving averages are starting to flatten out, short-term momentum is waning, and the price repeatedly hits the upper band only to be pushed back, essentially encountering resistance when trying to rise higher.


April 21st’s strategy is very simple: for BTC, look short around 76,300, and if it moves up, add to the position; target 75,200 / 74k. For ETH, try short around 2,330, with targets at 2,300 / 2,270.
This kind of market is the easiest to misjudge. Seeing it rise makes people think it will break out, but in reality, it’s more about testing resistance after a rebound. Instead of guessing the direction, it’s better to wait for a confirmed rejection at the high before acting. Getting the rhythm right is more important than just the direction.
BTC1.71%
ETH1.54%
View Original
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin