4.12 Morning Suggestions

Based on the current market trend analysis, due to the reduced market activity on Saturday, the overall fluctuation range is expected to be limited during the day. However, the bearish trend still dominates. Observing the hourly candlestick chart, Bitcoin has formed five consecutive bearish candles; although each downward movement is not strong, the bulls are almost powerless to rebound, and the upward space is severely restricted. If you want to seize ultra-short-term trading opportunities, it is recommended to adopt a high short strategy. Based on the current market performance, we continue to be optimistic about the further efforts of the morning bears.

Bitcoin: If the price rebounds to around 83,500, a short position can be set, with a target price looking towards 81,000.

Ethereum: When the price reaches around 1,570, a short position can be entered, with a target price of 1,500. #比特币 #BTC