Wednesday Night Thoughts on 4.22 | One sentence: Volatility is weak, mainly in the upper range


Short-term 1-hour chart shows continuous tug-of-war, with frequent switches between bulls and bears but no clear direction, rising encounters resistance, and pullbacks are modestly supported, typical of a sideways pattern.
The 4-hour timeframe is clearer, with the overall channel gradually moving downward, rebound strength remaining weak, and bears maintaining dominance. After the previous decline, prices have yet to recover effectively, and selling pressure above remains evident.
Core idea:
The main trend is weak, with rebounds used for shorting; as long as key support levels below are not broken, small long positions can be taken as a supplement, avoiding overtrading.
Trading reference:
BTC: Short in batches around 78,800
Target: 77,600 → 76,500
$BTC
BTC0,42%
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