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4.9 Mu Feng Morning Review: Strong pressure not broken, bears dominate—rebound is just a chance to short!
The “Big Cake” continues to test the 73,000 level without success. Upside is capped and pulling back has become the norm! After once again reaching a higher peak early this morning, it quickly dumped. The current price is back around 71,700. Continue holding the short from yesterday—every rebound is an opportunity to add to shorts!
On the daily timeframe, the box-range consolidation pattern remains unchanged. Three consecutive days have formed long upper-wick candlesticks; sell pressure above is clearly visible. The bulls can’t break through, and above 73,000 they simply can’t hold firm! On the hourly timeframe, the pullback trend is clear. The small rebound this morning is an excellent window to short!
Friday morning trading strategy:
“Big Cake”: Short at 72,000-72,500, target 70,000-69,000
Ether: Short at 2,210-2,226, target 2,175-2,160
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