4.22 Wednesday Night Thoughts | One sentence: Volatility is weak—short at high levels first

First, look at the short-term cycle:
On the 1-hour timeframe, it’s up and down with frequent switching between bulls and bears, but it never breaks out of a direction. If it pushes up, it gets knocked down; if it pulls back, it gets pulled back up again. This is a typical ranging market.
Next, look at the 4-hour:
The rhythm is very clear—overall the channel is gradually moving downward. Rebounds have no strength, and the bears are in control. After the earlier wave of decline, the price has kept failing to reclaim effectively, which shows that selling pressure above is still there.
So the current core logic is very simple:
The larger direction is weak, and any rebound is a chance to short. Of course, before the key support below is broken, you can also take a small long position, but that’s only an auxiliary idea.
Trading references:
BTC: Short near 78800; target 77600 → 76500
ETH: Short near 2430; target 2355 → 2300
In a ranging market, don’t chase wildly. Pin to the key levels: short at high levels first, and go long at low levels as a supplement. #Gate13周年现场直击 #SpaceX花600亿购买Cursor #美伊二轮谈判进展 $BTC $ETH