Analyst Liang Qiu: 4.18 Bitcoin/Ethereum Short Position Take Profit, Continue to Watch for Highs and Pullbacks in the Early Morning
The short position strategy near 84800 for Bitcoin and 1610 for Ethereum is being laid out again during the day, and as expected, it has fallen to around 83700 and 1560 at night, with overall space relatively good, and friends at the root have again secured the space. Currently, the market has seen some upward movement, but the upper side is still under pressure. If it continues to fail to break through the highs and remains in a sideways pattern, further pullbacks are likely. The four-hour level has begun to contract, indicating that a market shift is imminent. Continue to watch the resistance levels at 85300 and 1620 for Bitcoin and Ethereum, respectively. In terms of the current trend, there isn’t much need for further analysis; the focus is on pullbacks after rises. Support can be referred to at 1520 and 83000.
In the early morning operations, short positions for Bitcoin should continue near 84800 to 85300, targeting around 83500; for Ethereum, continue to short near 1600 to 1610, targeting around 1550.
