4.28 BTC/ETH Market Outlook:

Bitcoin opened higher on Monday, then after rising, it retraced sharply from the high. After a whole night plus the morning of consolidation and repair, the rebound failed to gather strength. Yesterday, we took a short from 79,000, and at midnight we had 76,500 go long—there was a seamless transition in execution, truly perfect! The previous update also reminded us: since the rebound lacks strength, long positions should be ready to exit at any time; whether taking small profits or keeping capital safe is fine. For Ethereum yesterday, we shorted from the highest point of 2,390, and at midnight we went long again around the 2,280—those positions have already been closed profitably. Next, we’ll begin today’s sharing.

After a second attempt to push higher met resistance and turned into a pullback, with no strength in the rebound, then high-side shorting is the main rhythm for today! On the daily chart, the Bollinger Bands’ upper band is opening downward and moving lower; both KDJ and RSI are also opening downward and declining. The MACD bullish volume continues to shrink—there is no volume left. This is a typical signal of insufficient bullish volume; profits taken at high levels, and a rhythm that’s ready for a heavy sell-off! On the 4-hour chart, the Bollinger Bands middle band and the lower band are both opening downward and moving lower. The first two candles rebounded but did not even touch the middle band before dropping again. The price is pressing down while staying below the lower band, with both KDJ and RSI turning down. The MACD bearish volume continues to expand. For today’s trading, one word: short!

For upside resistance, watch 77,000 and 78,500. Enter around this area with shorts. For downside support, watch 76,000 and 75,000, as well as 74,000.

For Ethereum, upside resistance is around 2,300 and 2,400. Enter around here for your defensive positioning. For downside support, watch 2,250 and 2,200, as well as 2,150. #WCTC交易王PK $BTC