4.9 Friday, testing strong pressure but not breaking; continue to stay short

Recently, the big coin has continued to probe higher above 73,000 but hasn’t succeeded. The upper moves have repeatedly shown a state of facing pressure and falling back. After touching again in the early morning, it moved downward once more. Yesterday, after giving a short-selling idea for the rebound, the market did exceed expectations, but in the end it still hasn’t been able to continue. Currently, it’s back around 71,700. The short position held yesterday is still being held. Upward pressure is clear. Continue to short on rebounds.

In terms of the daily structure, overall it is still within a range-box structure. In the short term, upward moves continue to face resistance. For three consecutive days, the candlesticks have closed with relatively long upper shadow lines, indicating that the pressure above is strong and that breakouts fall back quickly. The market is finding it hard to hold above 73,000, and the current box structure still remains. On the hourly chart, it has started to pull back; there was a slight rebound in the morning, so continue to short.

On Friday morning, it is recommended to short the big coin at 72,000-72,500, targeting the 70,000-69,000 area. $BTC ‌