Thursday Night, 4.16 | Awei's Trading Strategy

The market is clearly weakening, with Bitcoin and Ethereum gradually shifting from sideways consolidation to a downtrend structure. The rebounds are becoming weaker, with highs gradually moving lower, and the bears have already taken control of the rhythm. The high short-term strategy given during the day has mostly been profitable; this wave is a trend-following move.
Currently, the market has entered an accelerated downward phase, with sentiment leaning weak, and overall still in a weak oscillation. One point to note: it’s possible that the main force might fake a breakout around 76,000, or even in the 78,000-79,000 range to lure more buyers, but such a rally would actually be a better shorting opportunity.
The first support below is around 72,800. If the price drops quickly in this area, consider short-term low-buying for a rebound, but the overall main trend remains unchanged, still focusing on shorting high.
Trading Suggestions:
BTC: Short in batches within the 74,800-75,500 range, targeting 73,800-71,300
ETH: Short in batches within the 2,350-2,375 range, targeting 2,318-2,200
In one sentence: In a weak market, don’t force long positions; rebounds are just opportunities to short.
Remember, position size must be controlled, stop-losses are essential, and staying alive is more important than anything. Wishing everyone a smooth profit tonight. #Gate13周年现场直击 #加密市场回升 #美股创下历史新高 $BTC ‌$ETH ‌