The weekend market fluctuated upwards, will short positions continue again?

April 2nd has arrived, Trump's trade stick has yet to fall, and Bitcoin has set a new weekly low of 816, while Ethereum dipped to 1796. How much longer can the long positions hold on?

In the short term, the market may continue to experience fluctuations and adjustments, as the rebound strength is insufficient and the bullish force is weak. Prices may fluctuate between support and resistance, especially since the recent candlesticks have not effectively broken through the mid-track, indicating signs of oscillation. The recent appearance of bottom and top division patterns suggests a potential rebound and oscillation. Important formations such as the hanging man have appeared but have not confirmed a decline. Prices are running below the mid-track of the Bollinger Bands, showing a weak short-term trend. As the bands expand, volatility increases; there have been multiple rebounds at the lower band, and the pressure from above remains strong.

Intraday support at 816, resistance above at 835. Today, layout short positions around the resistance level, entering short positions between 835-837, with a stop loss at 600 points and a target below 820.
Position management and risk control are the top priorities; as long as the principal is there, opportunities will arise!

#BTC #ETH #PI