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Wednesday, April 15th Morning Bitcoin Latest Strategy, Uptrend Faces Resistance, Short Positions Recommended During the Day
Yesterday, the Euro-Asian market was dull and uneventful, while the US stock market was lively after hours, initially quickly rising to 760, then facing pressure and declining to 737. All the various signals to short yesterday were ultimately confirmed in the evening.
Currently, the 760 level above has formed a double top pattern. Without a strong breakthrough action, the bulls are unlikely to continue their previous momentum. The daily chart closed bearish, accompanied by a long upper shadow, indicating a short-term pause in upward movement. The four-hour chart showed a rally that did not extend further, signaling a short-term stagnation. As the rebound momentum weakens, the market should be approached with a high short position for now.
This morning, Bitcoin is referenced around 745, with short positions near 750, targeting a decline to the 730-715 range.