In the current environment, it is expected that the market in April will not be too good, but it will provide more buying opportunities!

First, 7W (Bitcoin) has run out of spot goods, and the main force needs to lower the price to force retail investors to get off the bus, while clearing high leverage, in order to buy spot goods!

Second, after the halving, the increase in mining costs requires upgrading mining machines or a doubling of the coin price to ensure the original income. The s21 pro mining machine is sold out, and small miners cannot reduce mining costs before the halving, while large miners will take the opportunity to lower the price to force small miners to shut down and compete for computing power, so that large miners can have the original income!

Third, April is the month for US tax filing, and there is a high probability of facing strong selling pressure.

Combining the above, along with CZ going to court in April, the decrease in spot liquidity, and the difficulty for Ethereum (ETH) to pass through for a while before the halving, all of these will put pressure on the continued rise before the halving!

Returning to the market, the trend of yesterday's market movement is quite in line with expectations. The short-term trend is basically confirmed, and it is advisable to continue to look for short opportunities!

On the four-hour level, it also presents a bearish wedge structure, beginning to converge downward, and repeatedly testing the resistance at the top of the structure, continuing to move within the structure for a pullback!

Bitcoin, rebound at 69800 for shorting, target 68300, defend 70600.

The trend of Ethereum is basically the same as Bitcoin! Shorting synchronously is feasible, focus on 3510 for shorting, target 3420, defend 3560.

Only official WeChat account: Feng Wen Hui

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。