April 24 Morning


Thought analysis:
Early morning BTC tests the bottom at 76,900, ETH rebounds to 2,280 then slightly bounces up, looking stable but actually a trap for a rally. Yesterday, out of three buy orders, only two were profitable, one was stopped out, indicating the buying side is weak. The current rebound strength is very weak, the so-called resistance to decline and stabilization is just an illusion, the weekly chart's continuous upward trend is just a sideways phase at a high level, the daily chart's constant fluctuations are signs that the big players are selling off and cashing out. Don't be fooled by false rebounds, the major downtrend is approaching, so short-selling when the price is high is the correct strategy, don’t blindly catch the bottom or hold onto positions.

Trading suggestion: currently BTC 7835, ETH 2330
BTC: rebound to 78500-78700, target 77300, 77000
ETH: rebound to 2340-2350, target 2300, 2290
$BTC $ETH
BTC-0.71%
ETH-0.58%
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