🔥Yang Guangbit | April 20 BTC/ETH Today's Strategy

【Latest Market News】
Geopolitical risks remain high
The risk of breakdown in US-Iran negotiations has sharply increased, with Trump threatening to destroy Iranian infrastructure, Iran countering that the US is committing war crimes. Shipping through the Strait of Hormuz has practically halted, and energy crisis expectations continue to suppress risk assets, with safe-haven sentiment persisting.
Funding side shows a clear short trend
Data from April 19 shows over 180k liquidations in 24 hours, with longs accounting for over 78%, and BTC/ETH funds continuously flowing out, confirming the short trend through funding.
Weak rebound does not change the short trend
BTC rebounded from the key support level of 74,500, current price 74,950; ETH recovered to around 2,300, with short-term rebounds more technical repairs rather than trend reversal signals.
【Market Status】📊
BTC: Current price 74,950, key support 74,500, short-term resistance 75,500-75,800, strong resistance zone 76,000-76,300. The rebound is currently defined as a technical correction within a bearish trend, with no reversal signals.
ETH: Current price 2,300, support 2,250-2,230, short-term resistance 2,330-2,360, strong resistance zone 2,380-2,400. Overall in a weak oscillation zone, with limited rebound space.
【Today’s Strategy】💡
Core idea: Rebounds do not change the bearish trend, mainly shorting on rallies, do not blindly bottom-fish!
BTC Trading Suggestions
First shorting zone: Short in batches as it rebounds to 75,500-75,800, stop loss at 76,200, target down to 74,800 → 74,500 (second test of support).
Second shorting zone: If unexpectedly surges to the strong resistance zone of 76,000-76,300, add to short positions a second time, stop loss at 76,600, target 74,500-74,000.
Short-term attempt to buy (light position only): If pullback to 74,500-74,300 does not break, try a light long, stop loss at 74,000, target 75,200-75,500, quick in and out, avoid holding positions too long.
ETH Trading Suggestions
Main idea: Short on rallies
First shorting zone: Short in batches as it rebounds to 2,330-2,360, stop loss at 2,390, target 2,280 → 2,250.
Second shorting zone: If surges to the strong resistance zone of 2,380-2,400, add to short positions a second time, stop loss at 2,430, target 2,250-2,220.
Short-term attempt to buy (light position only): If pullback to 2,250-2,230 does not break, try a light long, stop loss at 2,200, target 2,320-2,350, avoid holding positions too long.
No bragging, last night’s prediction of 75,400 has already been fulfilled, today I will continue to help you ride the trend and profit 💪
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