Bitcoin in the 2300-2320 range decisively turns green and blue, defend 2350, target looking at 2200/2150

A few days ago, when Bitcoin surged above 794 in a fake rally, wasn't there a bunch of calling teachers popping up all over the internet saying: “Bitcoin eats meat, Bitcoin Cash drinks soup,” “Bitcoin Cash is about to see an epic rally”?

And what happened? Master Ye shows you this bloody reality!

On April 27th, it surged to 2403, which was just a one-day trip, then was directly hammered by the main force, breaking its backbone, plunging all the way down to yesterday’s 2256, nearly 150 points of bloodshed!

Now it’s clinging at around 2285, those who chased the high yesterday, do they even have the courage to add positions now? $ETH #加密市场小幅下跌

Based on this 1-hour chart, Master Ye will break down the rotten logic of Bitcoin’s hopeless trend:

First, the weakness is fully displayed, this is textbook-level downtrend relay.

From the chart, after the cliff-like drop from 2403, the current rebound can’t even touch the edges of the MA moving averages, it’s purely a passive correction after being oversold.

When Bitcoin slightly trembles, Bitcoin Cash immediately kneels. This kind of weak rebound with low volume is not stabilization at all, but the main force building a diving platform for the next waterfall!

Second, in the game of stockpile, Bitcoin Cash has been completely abandoned by Zijing.

There is no new liquidity entering the market now, the remaining liquidity is just maintaining Bitcoin’s dignity.

Look at the 2350-2400 zone, it’s full of dense trapped orders.

Before the Americans loosen their policy, who would use real money to free those retail investors standing high above?

Third, tomorrow’s macro judgment, Bitcoin Cash will definitely be a heavily affected area.

The FOMC meeting’s gun is already aimed at the market, and the earnings season for US tech stocks is still ahead.

Once Powell signals hawkishness, Bitcoin Cash, lacking core safe-haven logic, will have liquidity drained faster than anyone, and breaking the previous low is only a matter of time.

In the face of an overwhelming bearish trend, trying to bottom fish Bitcoin Cash is like hitting a dog with a meat bun!

The current trend is very clear: the rebound is just a trap, just giving money to our short sellers!

In the weak rebound resistance zone of 2300-2320, decisively enter the market.

Prepare your traps well, strictly defend 2350, and let’s quietly watch it break below 2200’s shameful cover!

Stop dreaming of a bull market over that faint false light.

Master Ye’s “10 Bèi Fan Cang Plan” quota is about to close. Financial markets only recognize cold logic and ironclad risk control.

Hurry up and bring your execution power back to the team, follow Master Ye’s mainstream contract strategy, and steadily recover in the waterfall!