Gu Jingci: Bitcoin/Ethereum Morning Trading Strategy with Market Analysis (April 16)

The previous short positions in Bitcoin/Ethereum, placed above 74800 and 2345, offered good downside potential to around 73400 and 2300. Currently, the market has rebounded again due to the US-Iran negotiations, reaching a high of 75400 and 2385 in the early morning. However, the highs are trending downwards, and there's a possibility of a double top, suggesting a potential pullback. The 4-hour chart shows a bearish candlestick with a lower shadow, closing near the lowest point, and lower volume compared to the previous two candlesticks, indicating weakening upward momentum and waning bullish strength. The daily chart shows a large bearish candlestick with a long upper shadow on the 14th, accompanied by huge volume, indicating strong selling pressure above 2400. This pattern, characterized by sharp rises and falls with high volume, suggests a potential correction phase, which is currently underway. Technically, the DIF line remains above the DEA line, but the MACD histogram is decreasing from positive, indicating weakening bullish momentum. The latest 4-hour trading volume for the bearish candlestick shows a significant decrease compared to the previous few candlesticks, indicating that short-term selling pressure may not be extremely strong. However, combined with the massive selling pressure on the daily chart, a pullback risk should be noted. Early morning trading suggestions: Short Bitcoin around 74800-75300, with a target of 72500-73500; Short Ethereum around 2355-2370, with a target of 2250-2300. We're here every day, not to prove a high win rate, but simply to let you know that our team is always present, monitoring the market 24/7, professional and reliable. Analysis and strategies are for reference only; please bear your own risks. Article review and publication are not timely; please refer to real-time information.