【April 7】Bitcoin / ETH Market Trading Strategy

The daily sequence of consecutive bullish candles has been broken; a bearish candle with a long upper shadow has formed. The trend is starting to weaken. The four-hour chart makes it even clearer: after a big surge, there are two consecutive bearish candles with increasing volume, followed by a small K-line with a long shadow—showing that the rise has no steam left. Bulls and bears are fighting, but the bears have the upper hand.

That long upper-shadow bearish candle on the daily chart is the confirmation signal of a short-term top. On the four-hour MACD, it’s still above the zero line, but the DIF has already begun to turn downward, and the red histogram bars are getting shorter—meaning a death cross could form at any time. Trading volume has also picked up. When the decline comes with volume, the pullback strength isn’t small either.

At the beginning, whether you enter the right or wrong direction isn’t really that important. What matters is: can you capture the space you should capture? When the trend changes, can you adjust in time? No one gives you steadfast confidence—you can’t hold your positions. No one reminds you that the trend has changed—you also won’t turn around.

4.7 Bitcoin trading strategy:
Long near 68300 protect 67700 target near 69500
Short near 69800 protect 70300 target near 68400

4.7 ETH trading strategy:
Short near 2130 protect 2160 target near 2080
Long near 2070 protect 2030 target near 2150
$BTC $ETH #Gate广场四月发帖挑战