Tong Ge's In-Depth Review: Full Analysis of Yesterday's Market Movements and Current Precise Response Strategies

1. Yesterday's Real Market Trend: Twists and Turns, Both Bulls and Bears Killed
First Stage (Evening of April 17 – Early Morning of April 18): News-Driven, Violent Surge
· The US and Iran send signals of easing, the Strait of Hormuz "opens," risk assets rally across the board
· Bitcoin rises from 74k to 78,300, Ethereum from 2,300 to 2,463
· Trading volume indeed increased, perpetual total holdings hit a new high of 50.8 billion
Second Stage (Afternoon and Evening of April 18): News Reversal, Rapid Drop
· Iran's military announces resumed strict control of the strait, oil tankers turn around
· Bitcoin drops from 78,300 back to around 75,500
· Ethereum drops from 2,463 back to around 2,345
Conclusion: Rise is news, fall is news. Those chasing highs get buried, those chasing lows get buried. Whoever holds heavy positions suffers.

2. Trading Volume + Capital Flow
Spot trading volume significantly shrank compared to yesterday; weekend + news digestion period, high wait-and-see sentiment
Funding rate still slightly negative (-0.001% to -0.002%), bears haven't retreated, but crowding degree decreases
Open Interest (OI, Unliquidated Positions) retreated from the 50.8 billion high; both bulls and bears reduced positions, liquidation pressure eased
Weekend market: Low-volume consolidation, both bulls and bears hold steady.

3. Tong Ge's Current Strategy
Bitcoin $RAVE
Light short positions around 75,800-76,200 on rebounds
Watch for 74,800-74,300

Ethereum around 2,358-2,375 light short positions $BTC
Watch for 2,310-2,290