4.7 Bitcoin Market Review and Strategy

In the morning session, due to disruptive remarks from the U.S. and Iran, Bitcoin's price movement fully aligned with our expectations, declining from the high of 70,322 all the way down to the low of 68,233, perfectly closing out short positions!

The 1-hour EMA moving averages have turned downward into a death cross, indicating that the bullish momentum has been completely exhausted. The market has broken down and weakened, with the short-term pattern entirely dominated by bears. At this point, blindly bottom-fishing is extremely risky; any rebound or bounce presents an excellent opportunity to position for short trades!

Trading Suggestions
Entry Range: Around 69,500-70,000 for short positions
First Target: Below 68,000, with a further decline to 66,500 if the level breaks
The bearish trend is confirmed. Follow the trend and avoid counter-trend bottom-fishing.

I am the "Random Coin Picker" who can make money even by choosing coins randomly.
If you’re lost, remember to hit follow.
$BTC $ETH