Evening Thoughts on April 14

The 4-hour chart stabilizes above the trend line and is consolidating the rebound. It has currently returned to oscillate near the middle track, breaking the weak pullback pattern in the short term and entering a wide range oscillation between 86100-83000. As long as it does not break yesterday's low point, it can be considered as a bullish preparation for an upward move. In terms of operations, adjustments should be made in a timely manner based on the shape. Although the oscillating market seems strong, the continuation of space is insufficient. Frequent switching is observed. The 1-hour chart shows a wave of upward oscillation, initially stabilizing above 83000. Whether it can break higher is key to the continuation of space, and it is not ruled out that prices may enter a contraction oscillation at the beginning of the week. We will observe the space as it moves.

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​Trading Suggestions

Short at around 85500 for Bitcoin, targeting 83500.

Short at around 1700 for Ethereum, targeting 1620.