4.8 Afternoon Market Analysis

Bitcoin experienced a sharp surge in the morning due to news-driven stimuli, reaching a high of 72,773. It then faced resistance at the high and pulled back. Currently quoted at 71,766.

Although the previous downtrend was temporarily broken, it was driven by news and considered a pulse-like rally. The bullish momentum has significantly weakened. Strong resistance remains above 72,500. The short-term rebound has been achieved. In the afternoon, continue with a high-altitude strategy and avoid blindly chasing longs!

Trading Suggestions

Bitcoin: Consider shorting in the 72,000-72,500 range, with additional short positions above 72,500. Target levels are 70,500-70,000, with a break below targeting 69,500✓
Ethereum: Follow Bitcoin's trend, short in the 2,345-2,365 range, with a target of 2,280-2,255✓$BTC $ETH #黄金白银走高 #Gate广场四月发帖挑战