Morning Thoughts on April 13th
Today's market can be summarized briefly: yesterday, Bitcoin broke through the resistance zone and surged strongly. Overnight, it continued to rise but faced some pressure around the 859 level. At this point, the bullish momentum has already played out, and it's too late to chase after more long positions. Therefore, it's better to consider shorting at high levels rather than chasing long positions. This morning, I expect a pullback, and after finding support below, I will look to go long again.
Trading Suggestions
Short Bitcoin at 86000, targeting 84000
Short Ethereum at 1675, targeting 1580
