4.23 Big Coin Auntie's Evening Thoughts

Thursday night Xiao Zhuge still remains bearish. On the 1-hour chart, Big Coin surged high then immediately dropped sharply, followed by a decisive sell-off, with a quick plunge down to around 77,100. This kind of movement is essentially a typical trap to lure in longs + harvest. The current structure has shifted from a rally to a sideways downward trend, with rebound strength clearly insufficient. The market has entered a weak consolidation phase, and after this round of concentrated bearish momentum, the rhythm has been reasserted by the bears.

In terms of operation, do not make the same mistake again. Seeing a rebound and rushing to chase longs. In this kind of market, rebounds are more about giving you a chance to short rather than signals of a trend reversal.

Personal suggestions
Big Coin: Light position in the 78,300-79,000 range, add to position at 80,000, target down to 76,500, break below to 75,000!
Auntie: Light position in the 2,370-2,400 range, add at 2,450, target down to 2,280, break below to 2,200!
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