April 27 Evening Poem Viewpoint: Precise grasp of morning and noon, all short positions fully realized!

Pre-judged early in the morning that high levels would face pressure and pull back, and the afternoon trend fully confirmed; the current overall structure is a high-level weak pattern, with the upward trend cooling off in the short term, making it difficult for bulls to continue. The phased correction has already begun, and do not chase longs unless 79,500 is broken decisively. The bearish targets of 77,200 and 76,500 given in the morning were precisely hit, and the swing profit from short positions was smoothly harvested; in the afternoon, the continuation of the rebound was used as a core logic for shorting.

After this rapid sell-off, many people thought "sideways at low levels means strong support, and the bears are done," but the real market situation is exactly the opposite—this is a typical downtrend continuation, not a reversal stabilization.

From the big cycle perspective, this correction is not a minor shakeout within an uptrend, but a weakening trend after a high-level stagnation: the daily chart repeatedly hit 79,500 but formed a double top/head and shoulders pattern, the four-hour MACD showed a death cross, and the KDJ indicator retreated from high levels. The bullish momentum is clearly exhausted. Volume: shrinking on the rise, expanding on the decline, a typical bearish control structure. The shakeout in an uptrend is characterized by "quick recovery and continuous new highs"; now, it’s "weak rebound, high points moving lower," and the bullish structure is broken, with the trend ready to reverse downward at any time. The current sideways movement is not a sign of stabilization but the bears’ last patience!

Bitcoin suggestion: Short around 78,300–78,800, stop-loss above 79,500
Target: 77,300 → 76,500

Ethereum suggestion: Under 2,400 pressure, rebound short, enter short around 2,360–2,380, stop-loss above 2,420, target: 2,280 → 2,220