4.20 Sunday Big Pie Midday Thought Analysis!
Yesterday's thought was to short around 85700 and look for 84300. Did everyone follow along and secure the profits?
Today's strategy remains to short at higher levels; for those who missed the opportunity yesterday, let's seize it together today.
From a technical structure perspective, on the four-hour level, the running channel continues to show a narrow downward trend, with prices oscillating and showing weak downward movement without forming a significant rebound. The volume is arranged in a weak bullish formation, with moving averages consistently trending downward, and the short cycle still favors a bearish state.
On the daily level, the running channel continues to trend downward, with prices maintaining a weak consolidation. In the mid to upper range, after the plunge, there was no effective rebound. The bearish volume continues to diminish, and the moving averages have not shown a significant joint upward movement. This week, I personally still favor an initial bearish strategy, and whether the market can rebound and recover will need to be followed up after the support is established.
Bitcoin personal operation suggestion: short around 85500-85800, targeting 84000
