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4.24 Poetry Fate Market View: Rebound from the high end—position along with the move!
On the 4-hour chart, the Bollinger Bands remain open upward. Overall, the uptrend channel structure is intact, and the larger bullish trend remains solid. After spiking to the 794 area, it met strong pressure and pulled back. The price is currently entering a stage of periodic technical retracement and repair, temporarily running in the upper-middle band zone of the Bollinger Bands.
On smaller timeframes, bullish momentum continues to weaken, and the push higher is clearly insufficient. Going forward, upside energy will gradually slow down. In the short term, bears are gradually taking the lead, and the market is trading in a weak, sideways range. There is still room for further pullback and adjustment later on.
Big Cake: On a rebound to the 78700–79000 range, you can set up short positions. Targets: 77800–76500.
Ether (ETC): On a rebound to the 2350–2390 range, you can set up short positions. Targets: 2300–2230.
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