4.17 Shanzhai funds continue to flow out, although Bitcoin is in a volatile range, it has followed a downward logic

Macroeconomic aspect:

CPI has released good news; the data from the United States is now seriously fraudulent, but the data indicates that there could be some relatively good technical market conditions coming up, and that good technical market condition means looking for a rebound.

Technical aspect:

The decline that the market has been waiting for has finally arrived; this four-hour trend has been grinding down for long enough, but it's not a major issue because since it has started to fall, the next step is either a rebound or a bearish logic. This time the target hasn't been reached yet, so just wait for the rebound and continue to observe the market's decline.

BTC Daily - 4 Hour Level Market Analysis

Bitcoin's trend is quite delicate; around 80,000 still presents an opportunity for a bullish logic to enter, while the upper pressure remains around 85,500.

However, the current risk has ended; the uncertainty at high levels emerged when the 865 position couldn't hold, and it dropped directly without going up. Coupled with news, it has harvested the market. The upcoming market conditions still seem comfortable; the rebound is bearish, and only after breaking above 845 during the day would one consider a stronger move.

There should still be one more significant level, which is coming back to around 80,000 for a long position. The upper range of 85,500-86,000 still follows a bearish logic, at worst, it’s a high short and low long range trading trend.

ETH Shanzhai Major and Minor Level Analysis

Ethereum continues to be useless, useless, useless. The daily bottom continues to lower, with chip positions for upward movement around 1595, 1615, and final pressure around 1642. The support position below is around 1510.

The market is chaotic; please pay attention to the risks.