The overall trend for Bitcoin and Ethereum should still focus on shorting at higher levels during pullbacks: 4/18

The overall trend for Bitcoin (or similar cryptocurrency) remains focused on shorting on pullbacks to higher levels: As of April 18th, the market is in a range-bound consolidation phase after a pullback from higher levels. The bulls and bears are temporarily locked in a stalemate, with short-term movement leaning towards consolidation and no clear trend yet. The direction needs to be confirmed after a breakout from the key range. The key resistance area to watch is 77500-78000. If a rebound fails to hold above this level, the weak consolidation is likely to continue. The key support area to watch is 76500-77000. If this level holds, a small short-term rebound opportunity may be considered. Overall trading was relatively quiet over the weekend, with limited volatility. A conservative approach is to short on pullbacks to higher levels. Yesterday, we placed short positions on Bitcoin and Ethereum around 75500 and 2360 respectively. Last night, the market rallied significantly due to news, and we promptly notified those following our own strategy to add to their positions at the higher levels. Currently, the average price of Bitcoin and Ethereum is around 76800 and 2400 respectively. Our bearish outlook remains unchanged. Market movements may be slower over the weekend, so please be patient and hold your positions, focusing on trend and swing trading. Our short targets are 75500-74500 for Bitcoin and 2350-2330 for Ethereum. For longer-term positions, we suggest continuing to look for further downside if these levels break through. There may be delays in the review process for this article, and market conditions can change rapidly. The above suggestions are for reference only; please bear your own risk!