Analysis on the afternoon of April 9th

Can Huang Mao's reputation be worse than ours, even for just sweeping a shared bike?
While announcing a two-week temporary ceasefire with Iran, Israel also clearly states that the ceasefire does not include Lebanon and continues to pressure Iran to open the Strait of Hormuz. Iran is not showing weakness either; it has indicated that closing the strait is possible and, on the first day of the ceasefire, closed the strait again after Israel bombed Lebanon. The repeated fluctuations in the geopolitical situation add a lot of uncertainty to the market.

More importantly, the latest Federal Reserve statement has completely cooled the market’s enthusiasm for rate cuts. The meeting minutes show that energy price fluctuations caused by Middle East conflicts will push up inflation, significantly delaying rate cut expectations, and some even suggest the possibility of rate hikes. High interest rates are likely to persist for a longer period. This macroeconomic bearish signal, combined with geopolitical risks, is not good news for the market.

Looking at the charts, Bitcoin’s trend is indeed not optimistic. On smaller timeframes, a double top pattern has formed, and it has now broken below the neckline. The candlestick pattern shows a bearish trend, with each rebound weakening, clearly indicating that sellers are continuously releasing selling pressure. Short-term support is at 70,400. If this level cannot hold, the decline will definitely accelerate, so everyone should prepare for risks in advance.

$BTC It is recommended to mainly go short with light positions, trying small trades. Bitcoin can be lightly shorted around the 71,580-71,950 range, with the first target at 70,400. If broken, continue to watch the 68,820-67,710 range.

$ETH Ethereum also looks bearish, operating around the 2,223-2,245 range, with a stop loss at 2,278, and a target at 2,166. If broken, look at the 2,110-2,063 range. Short-term trading requires flexibility; adjust stop-loss levels according to your position size, and avoid blindly holding onto positions! #BTC #ETH #加密市场反弹