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4.7 Morning Market Analysis
The morning market was impacted by Trump's extreme remarks on Iran. Bitcoin surged overnight to a high of 70,322 before sharply dropping, with a low of 68,268.
Currently, the bullish momentum has been fully exhausted. The market has broken downward, and in the short term, it is entirely dominated by a bearish trend. Blindly bottom-fishing carries great risk. A rebound is a good opportunity to short!
Trading Suggestions
Bitcoin: Short positions around 69,200-69,700, targeting below 68,000, with a break below targeting 67,500√
Ethereum: Short positions around 2,120-2,140, targeting below 2,080√$BTC $ETH