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4.15 Afternoon Market Analysis
Bitcoin surged to 76,000 yesterday and then sharply dropped as expected, declining from a high and reaching a low of 73,743. Currently, it is oscillating around 73,917. The bearish trend is fully confirmed; any rebound is a shorting opportunity.
Yesterday's high-level prediction of a sharp decline was fulfilled, with the idea of shorting above 75,000 paying off, capturing nearly 2,000 points of space. The current market has shifted from a one-sided surge to oscillating downward. The bullish momentum has been completely exhausted, profit-taking continues to weigh down the market, and the technical death cross signal is clear, indicating further downside potential.
Trading Suggestions
Short on rebounds between 74,300-74,800, targeting 73,500. If broken, look toward 73,000-72,500.