Mu Feng Looks at Trends: Interpretation of Bitcoin/Ethereum Trends on April 10 and Trading Ideas

Market stimuli have an impact, with a decrease in main K short positions on the daily level. The bullish trading volume in the volume bars has strengthened again, but the technical indicators MACD, KDJ, and BOLL continue to show bearish resonance, and the main chart's three-day moving averages maintain a bearish arrangement.

On the 12-hour chart, the current KDJ and MACD volumes are in a phase of fluctuating contraction, but the overall indicators still lean towards a downward trend. This indicates that the contraction is just a temporary rebound, which can also be interpreted as a buildup of volume for subsequent declines. Therefore, for short-term trading during the day, the approach should be to short on rebounds; specific points of reference can be:

BTC: Short at 82500-83000, target 80500

ETH: Short around 1630-1650, target 1580

The above is my personal trading suggestion for the day. Market conditions change rapidly, and the article has a certain lag. Specific operations should be based on real-time guidance in live trading. If you have any questions, feel free to consult.