4.13 Monday Mufeng U.S. Session Market Analysis

Yesterday’s chart showed a long bearish daily candle. Affected by the breakdown of negotiations on the news front, the previous three-day consecutive uptrend was completely brought to an end, and investors who chased longs at high levels have once again fallen into a passive situation.

From the current price action, the 70,000 psychological level below has not yet achieved an effective breakdown. Therefore, there are no conditions for directly chasing shorts. The overall approach still leans toward left-side trading—patiently waiting for the price to rebound back into the pressure area, then setting up high-short positions.

Bitcoin trading reference:
Current quote is around 71,100. For the overhead, focus on the two resistance levels at 71,700 and 73,700. High-short positions should be entered in batches around this range. If the price effectively breaks below the 70,000 level, you can chase shorts with a light position. Downside, watch supports in sequence at 69,000, 68,000, and 67,000.

Ethereum trading reference:
Current quote is around 2,192. For the overhead pressure, watch 2,230, 2,270, and 2,350. High-short positions should be entered based on this range. Downside supports to watch are 2,170, 2,100, and 2,050.