April 23 Strategy

We didn't miss the big direction, and we captured this major trend again during yesterday's live stream. Whether it was 1350 a few months ago or 1818 a month ago, we gave a long position of 1682 before going off air. This wave of increase came after waiting 20 days for the short squeeze. Currently, we are making profits on medium and short-term long positions at 1578/1638. This wave of upward movement seems to be a planned surge, and it is unlikely to drop much. We can expect a bit of a pullback around 382 (the exact position is not yet determined) on Thursday and Friday, as we haven't seen the peak yet. The significant growth of Bitcoin indicates that there is still spring in the crypto market and almost solidifies the previous statement that if 74000 holds, there will still be a bull market. This surge is intended to make room for the monthly chart. The golden cross on the weekly chart for Ethereum is unlikely to drop below now, so we can't blindly look for short positions anymore. A reversal has occurred, brothers; we have crossed into the next range. We will reach the next range, but spring won't come immediately. Be cautious in May as there might be a black swan event around May 12. Don't miss out on spot trading that time.
Next game of chess
1660 has a short selling action, 1720 has a stopping action, and the average price for the bears is likely around 1680, so the long position given last night at 1682 (correct) is valid. Today’s highest point is 1780, and they may push the average price again, possibly around 1730. Currently, there are not many news about shorts being squeezed, and they may continue to push. This position is likely the low point for today and probably won’t go lower. Opening a short long position can consider a small stop loss trying around 1730-40, feeling the way across the river.