April 1st Afternoon Thoughts:

The big coin experienced a stretch in the market last night, but the bears quickly countered and reclaimed lost ground, leaving only a small-bodied bullish candle. Today, the big coin price is consolidating at a low level, showing a stable divergence. The previous rally was so fierce that the subsequent decline may be equally sharp. On the hourly chart, the big coin price has temporarily stabilized above the middle band, but based on the subsequent trend, it is highly likely that the pattern of a rebound followed by a short position will continue. Currently, the big coin is overall in a trend of oscillating downwards, with continuous release of bearish momentum. Short-term rebounds can only be viewed as technical corrections and are unlikely to form a true reversal.

From the 4-hour perspective, the coin price is still within a downward channel, with the MACD indicator continuously expanding below the zero axis, and no reversal signal has appeared in the short term, indicating that the downward trend may continue. Looking at the hourly chart structure, the Bollinger Bands are in a contracting state, and the current price is temporarily pressured at 84000, with multiple rebounds stalling here and falling back. The K-line frequently shows long upper shadows, clearly indicating that there is heavy selling pressure above. If the big coin price cannot break through 84000 and stabilize in the short term, it means there is a possibility of further retracement. Therefore, as long as the upper resistance is not broken during the day, we maintain a high short position, waiting for the price to pull back. If it does not break the key support level, we will switch to a long position.

Short position near 83800-84200, looking down at 81200-81500

Short position near 1875-1900, looking down at 1775-1800

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