4.23 Morning Poem Fate Viewpoint: Resistance from above, short-term short setup!

Last night, the dual impact of the ceasefire extension + US stocks refreshing historical all-time highs—so stimulating! BTC violently surged, breaking through 79,400, precisely matching Poem Fate’s bullish outlook, netting a 700-point profit, and settling safely. After refreshing the phase high, it then immediately surged higher before quickly falling back. After the morning market consolidated sideways and repaired, it officially entered a slow-drawdown correction channel!

After BTC turned days bullish and surged to highs, it pulled back from overbought conditions and formed two consecutive bearish candles to repair the move; the ultra-long lower shadows confirm that support around 75,000 is strong. After consecutive pushes higher, the need for a pullback surged; the ceasefire positive news has basically been digested. Cross-strait friction caused the market to stall up in the short term, but the larger-scale upside structure remains solid. After the high, a bearish engulfing broke down below the midline; the high and the low both shifted lower at the same time— the slow-drawdown correction trend of choppy, slow declines is already clear!

Big Cake (BTC) recommendation: short near 78,300-79,000, target 77,500-76,800
Ether (ETH) recommendation: short near 2,380-2,410, target 2,340-2,300

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