4/11 Friday Morning Thought Analysis:
From the current trend of Bitcoin, the bears have clearly taken control, and the price is showing a continuous downtrend. Observing the one-hour K-line chart, it has recorded four consecutive bearish candles, indicating weak momentum. Based on this trend, it is highly probable that the price will continue to decline, with the area around 77000 likely becoming a key support level.
Looking at the four-hour level, the K-line pattern shows that each candle tends to end as a doji, indicating intense competition between bulls and bears in this range. Currently, the price is below the upper Bollinger Band, under significant pressure, and is undergoing a consolidation phase.
In summary, the overall downtrend has not been reversed across all time frames. In subsequent operations, we will still maintain a bearish outlook and closely monitor the breakout situations at key levels to flexibly adjust strategies.
Emperor Star's Recommendation:
Sell Bitcoin on a rebound to: around 80500-81500, target 78500-77000
Sell Ethereum on a rebound to: around 1520-1550, target around 1450.