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Thursday, April 16th, Azuzu Afternoon BTC/ETH Silk Share
Currently, Bitcoin is in a high-level oscillation and stagnation state, repeatedly attempting to break higher but failing to open new upward space. Selling pressure above continues to appear, and bullish momentum is gradually weakening. The short-term rebound strength has clearly diminished, with insufficient volume support. The overall structure shows weak characteristics of rising then falling back. The support below remains under pressure, and once the key support level is broken, the bears will take advantage, opening the downside space. The overall bias is bearish, with a strategy of shorting on rallies, betting on trend-based pullbacks.
Trading suggestion: continue with light short positions!
Bitcoin range: 75,200-75,700, target 73,000; Ethereum range: 2,370-2,390, target 2,250.