Big Cake, Ethereum overall trend is still mainly to focus on the high-position pullback short strategy: 4/18

Currently, it is in a range-bound consolidation stage after pulling back from a high level. Bulls and bears are temporarily in a stalemate. The short-term price action is biased toward consolidation, with no obvious trend-based market. The direction needs to be confirmed after a breakout of the key range.
For resistance above, watch the 77,500–78,000 pressure zone. If the rebound is met with selling pressure and cannot effectively hold above it, it will most likely continue the weak range-bound consolidation.
For support below, focus on the 76,500–77,000 support zone. If it holds and stabilizes, you can lightly play and bet on short-term upside from the pullback for an opportunity.
Overall weekend trading is rather quiet, and volatility is limited. The steady approach is mainly to go short at the high level after pullbacks and rebounds.
Yesterday, we arranged the high-position pullback short strategy for Big Cake Ethereum around 75,500 and 2,360. Last night, due to news from the market, it surged a lot. We also promptly notified the trading counterpart for Big Cake Ethereum to add another position at high levels in time. Currently, the average entry price for Big Cake Ethereum is around 76,800 and around 2,400. Our bearish big-picture trend remains unchanged. Over the weekend, the market may move more slowly—be more patient, hold the positions well, and take advantage of the trend and the swing opportunities. Our bearish targets: for Big Cake around 75,500–74,500, and for Ethereum around 2350–2330. For the long-term space, if it breaks through, just continue to look lower from there.

There is a delay in the article publication review; the market can change in an instant. The above suggestions are for reference only—risk is self-borne! #Gate13周年现场直击 #山寨币强势反弹 #美股创下历史新高