Thursday Afternoon, April 23rd: Latest Thoughts and Trading Plan for Bitcoin and Ethereum

A bull market isn't crazy, and a bear market isn't panicked. The wind you felt on the mountaintop and the rain you experienced in the valley—together, that’s what completes the full crypto cycle. Gains and losses are just part of the process; living through it is the end goal. The short-selling ideas I gave you last night and in the early hours—this afternoon, we captured 1,200 points of upside space on Bitcoin, and Ethereum captured 76 points of space,

From the current market action, on the four-hour timeframe: the MACD indicator’s DIF line has officially crossed below the DEA line, forming a high-level bearish death cross. The red histogram bars keep shrinking, weakening. Short-term bearish momentum is currently being released. On the one-hour timeframe: after the fast and slow lines formed a death cross, it did not expand broadly. Instead, the combination of KDJ and RSI not entering oversold and then showing an upward-turn trend—this kind of “death cross without expansion + rebound before oversold”—is often a downtrend consolidation pattern. In the short term, there is a risk of a second push up to test the previous highs, and then a breakdown again. This afternoon, Lao Ma continues to provide the high-short trading idea.

Thursday Afternoon Trading Ideas:
Bitcoin: Short near 78,300. Target: 77,000
Ethereum: Short near 2,370. Target: 2,290