4.23 Evening Poetry Fate Viewpoint: Bearish dominance, multiple armies wiping my shoes



Bai Pan Poetry Fate insists on being bearish, and Bitcoin is also quite strong, falling from 78,200 to around 77,100, a total of 1,100 points of profit. Enjoying a short-term rally is also very satisfying!

From the market perspective, the bulls' rally is losing momentum, and the upward energy has completely exhausted, with the market officially falling into a weak sideways trap! After a previous round of concentrated bearish volume release, the market's initiative has been firmly taken over by the bearish camp. The rebound is clearly met with resistance and falls back, with each upward attempt showing insufficient strength. The downward correction trend has quietly taken shape, and it’s unlikely to see a strong reversal rally in the short term.

Bitcoin suggestion: Currently under continuous pressure, the evening is an excellent short entry zone, locking in 78,300-79,000. This rebound high point area is the golden spot for light positions to attempt shorting. The first target for this round of bears is 76,500 support level.

Auntie suggestion: When rebounding to the 2,340-2,370 range, directly take a light position to short; in the short term, look for a decline to 2,290-2,210.
BTC-1.28%
GT-0.93%
ETH-3.31%
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