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4/18 | Bitcoin, ETH | Market Analysis: In a volatile pattern, shorting on rallies remains the main strategy
Bitcoin and ETH retreat from high levels into range-bound oscillation, with bulls and bears locked in stalemate, no clear trend of dominance. Short-term trading should focus on range operations, avoiding chasing rallies or panic selling.
Bitcoin resistance is at 77,500-78,000, support at 76,500-77,000; ETH resistance is at 2,450-2,480, support at 2,380-2,400. Continued pressure and decline indicate weakness; only light short-term positions with quick entries and exits are recommended. If support breaks, downside space opens up.
Weekend trading is light, mainly focusing on shorting on rallies. Currently, the average price is around 76,800 and 2,400, with the bearish outlook unchanged. Bitcoin target is 75,500-74,500, ETH target is 2,350-2,330; a break below could lead to further declines. Weekend pace is slow; patience in holding positions is advised.
The article release may be delayed for review; markets are ever-changing. The above ideas are for reference only. Please ensure proper risk management in trading; profits and losses are your own responsibility! $ETH $BTC