《April 13 Market Analysis: The Mid-Month Turning Point Is Approaching—Feel the Volatility!》

The weekend “big pie” retraced to 73,600, just as we mentioned last Friday. The big bearish candle here directly “smashed” the daily chart’s top pattern. Although the daily chart has a top pattern, when a market produces the first instance like this, it is often still not the most reliable signal. Usually, only after a second top pattern appears will the real decline start. Also, as we get close to the mid-month turning point we judged earlier, here we will follow based on whether the key levels succeed or fail, and make fewer subjective calls.

$BTC The pressure zone for “big pie” is between 72,500 and 72,800. If price does not pull back from here, watch for the possibility of continued pushing higher. On the downside, first keep an eye on whether support around 69,900 will “fake” a breakdown down to this level to draw in liquidity, and then bounce back with the move.

$SOL For “Sons” (Solana), watch the 82.8 level. Once on the 1-hour chart it closes at the appropriate time to complete support-resistance switching, it may continue up to see the pressure zone at 84.3-84.6. On the downside, watch whether it can attract liquidity and rebound from 80.7-80.

$ETH For Ethereum, first look at when it can push up past the 2,233 resistance. Here, we previously executed support-resistance switching multiple times; if it moves up again, the pressure will be at 2,275. On the downside, watch whether it will “stab” down to 2,133 and then rebound.

Overall, although the daily chart’s pattern tells you it might be near a top, this is not the time to go all in on shorting. If price pulls downward to attract liquidity and then rebounds, you should then watch for the establishment of the daily chart’s second top pattern before the market carries out a true down-move.