Gu Jingci: Bitcoin/Ethereum surged and then fell back on April 30th, then traded sideways, is this a continuation pattern in the downtrend?

2026-04-30 09:02:41
Shareshare
The short-selling strategies consistently recommended for Bitcoin/Ethereum over the past few days have all been validated. Short positions recommended near 2270 and 76300 during the morning's upward surge also retraced as expected, falling to around 2230 and 75200 respectively. While the losses were small, the overall performance was still acceptable. Currently, the market has rebounded somewhat, and the hourly chart shows a significant narrowing of the price action. The key support/resistance levels emphasized in the morning, around 76500-77000 and 2280-2300, have formed short-term resistance. The 4-hour chart shows a continuous decline since the initial surge, forming a series of lower highs and lower lows, indicating an overall downtrend. On the daily chart, since the 27th, there have been consecutive large bearish candles accompanied by high volume, indicating a clear downtrend at the daily level. The DIF, DEA, and MACD histograms are all running below the zero line and continuing to decline, with the DIF line below the DEA line, showing strong bearish momentum and a downward trend. The latest 4-hour and daily candlestick charts show relatively lower trading volume, which may indicate a slight easing of short-term selling pressure, but there are no clear signs of increased buying volume yet. Trading suggestions: Continue shorting Bitcoin around 76100-76500, with a target of 73000-74000; continue shorting Ethereum around 2260-2280, with a target of 2160-2200. We're here every day, not to prove a high win rate, but simply to let you know that our team is always present, monitoring the market 24/7, professional and reliable. Analysis and strategies are for reference only; please bear your own risks. Article review and publication are not timely; please refer to real-time information.
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