🚨4/7 Morning BTC/ETH Market Report🚨

🔶Recently, I've been emphasizing that we shouldn't go long, we shouldn't catch the bottom, and we should treat any rebound as an opportunity to short. Since around 85,000, I've been advising everyone to primarily focus on shorting. However, I've noticed that many friends still can't resist the urge to catch the bottom, thinking that 83,000 is the bottom, 82,000 is the bottom, 81,000 is the bottom, and now they believe that 78,000 is the bottom. I don't even know where the bottom is 🤦‍♂️, but I don't think this is the bottom. The first principle of trading is to follow the trend. If you're always trying to get the lowest price, who will get cut if not you? In fact, for many of us, there's no need to look for the lowest price to catch the bottom. Even if your entry price is very low, can you ensure that you can hold onto it? Learn to follow the trend first. Even if it truly reverses, isn't it safer to just enjoy the ride? Returning to today's operations:

🔶$BTC remains under a cloud of bearish pressure on the daily chart, starting a rapid decline after touching the bottom of the cloud on April 2nd. Resistance is around 82900.

🔶 The prices of the four small plates have now fallen below the benchmark line, with new resistance near 80450 above. The price has also broken through the lower Bollinger Band, so if it closes at the lower Bollinger Band at 7 9 3 0 0, this position is likely to become new resistance. It was also mentioned in the chat room that this position is under pressure, and it has now been effectively tested.

🔶The hourly chart currently shows the price nearing the turning line, with resistance around SAR79400 above, and pressure from the base line at 80450.

📉 Short position entry near 79300～80450, defense: 79400+ (1440.7×1.5)=81561.05, target 76800～72500. After reaching the target, reduce position and continue to look down.

📉ETH watch for short positions to enter around 1623～1655, target 1540～1485

🔶The entry and exit points above have a deviation of ±100 and ±5 points. The above analysis is based on chart patterns and indicators and may vary in real-time due to market fluctuations and news influences. Please adjust according to your actual situation.

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