Friday Night, April 10: Latest Ideas and Operations for Bitcoin and Ethereum

The market is always right; the mistake is always one's own obsession. Let go of subjective assumptions, follow the trend, act in accordance with the market, and only then can you stand firm amid the waves. Looking back at the afternoon, Bitcoin continued to weaken, dropping to a low of around 71,426, then rebounding from the bottom. Currently, the price remains around 72,200. Ethereum followed suit, falling from a high of 2,203 to a low of around 2,176, then rebounding to about 2,218. The short-selling strategy given in the afternoon was validated and successfully closed out.

From the current market trend, the candlestick shows a shooting star at the high, with a long upper shadow, indicating significant selling pressure above. The short-term upward momentum is exhausted, and the willingness to push higher is weak. Multiple attempts to break higher failed. The MACD lines are leveling above the zero line, with the red momentum bars continuously shrinking, indicating that bullish momentum is rapidly weakening. Currently, the rebound strength is limited. Old Ma believes that the main theme remains high selling and low buying. Additionally, tonight at 8:30, the CPI data will influence the market trend. Tonight, Old Ma still provides a high-level outlook.

Friday Afternoon Trading Strategy:
Bitcoin: Short around 72,300. Target 71,000
Ethereum: Short around 2,240. Target 2,140