Bitcoin/Ethereum Trading Strategy and Market Analysis as of 4.21

Since the multiple short-selling setups from the recent highs of Bitcoin and Ethereum, the market has been continuously declining with maximum downward potential. Currently, after the decline, there has been a slight rebound, but the strength is weak, and the sideways movement after the rebound appears more like a consolidation during a downtrend. The downward trend has not reversed, and the market is expected to continue falling. The four-hour candlestick pattern shows small bullish candles with long upper shadows, decreasing volume, indicating weakening rebound momentum. The rebound is weak, and the declining volume suggests the market is still in a consolidation phase, and further declines are possible at any time.

On the daily chart, after a sharp rise, two consecutive bearish candles appeared yesterday, with a slight rebound closing in positive territory, but it did not break the short-term resistance at the previous top-bottom reversal point. Looking at the moving averages, Bitcoin remains relatively strong overall, but it has not pushed above the daily MA; instead, it continues to face resistance around 2340-2350. Multiple attempts to break higher have failed, so consider shorting on rallies.

Trading Suggestions:
Enter short positions around 76,000 to 76,500 for Bitcoin, with targets near 73,000 to 74,000;
Enter short positions around 2,320 to 2,340 for Ethereum, with targets near 2,200 to 2,250.