4.30 Thursday Morning Market Outlook

Yesterday's market showed strong bearish dominance, accurately predicting resistance around 78,000. Both short positions in the live trading were successfully closed with profits, and partners following the trend all secured gains.

Today’s market continues its weak trend, with Bitcoin facing resistance when attempting to rise, then steadily falling back. The highs keep moving lower, and the lows are continuously being refreshed. The classic downtrend structure is fully in place, and the bearish trend is firmly established. The daily chart shows consecutive large bearish candles crashing down, with continuous selling pressure above. Bulls have no strength to support, and the price has broken below the previous consolidation support level. Overall, it’s in a weak downward rhythm, with a lack of rebound strength, clearly a continuation of the downtrend.

Currently, the bearish force is completely dominant. Every rebound is a good opportunity to short, and the operation strategy is to follow the idea of shorting on rallies, decisively avoiding blindly catching the bottom.

Specific trading strategies

Bitcoin: 76,300-76,800 range to short, target 74,500
Altcoin: 2,270-2,290 range to short, target 2,220