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Bitcoin and Ethereum short positions closed with profit-taking in the evening; continued pullback to higher levels in the early morning suggests shorting again: 4/17

2026-04-16 16:15:59
Shareshare
Bitcoin and Ethereum short positions closed with profit-taking in the evening; continued shorting at higher levels in the early morning: 4/17 The market showed a V-shaped trend in the evening, rising from around 74200 to around 75200 before falling back to around 73300 with increased volume. Currently, the price has rebounded to around 74800. The daily chart shows a bearish candlestick with a lower shadow and decreasing volume, while the four-hour chart shows a doji candlestick with a long lower shadow and increasing volume. The hourly chart shows a rebound with decreasing volume. Analyst Xiao Ma's Diary Trading Suggestions: Bitcoin: Short at around 75000-75500, target 73800-72800. Ethereum: Short at around 2350-2370, target 2290-2260.
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