4.7 Midday Thoughts: There have been two waves of highs from morning till now, and I don't know how much everyone has gained. All I can say is that the recent market trend has been quite tricky. The two waves have also only been able to capture one move. As for me, I have closed my short-term positions. The recent pullback has been particularly fierce, and I have successfully captured nearly 2000 points in the short-term. This market is just like this. Don't always try to chase after a one-way trend. One-way trends only account for ③ of the market, and there is more oscillation. Therefore, one must act accurately and not be too eager for battle.

From the perspective of the market, the morning bulls continued to rise from a low position, but they did not break through the 70,000 daily line resistance, so they are still under pressure. Although the four-hour chart has broken through the Bollinger Bands' midline resistance, the moving averages are still narrowing, so there won't be much room for a timely rebound. On the larger time frame, the weekly chart closed with a doji candle, and the upper Bollinger Band has been pierced, indicating a weakening condition. However, from the daily chart, it seems that it will first reach the lower Bollinger Band, so the strategy remains the same, continuing to focus on the short side. The midday suggestion is to short near 69,500 to 70,000 and target around 68,000.

Er Shu - a mainstream currency analyst in the cryptocurrency circle, with rich practical trading experience and unique trading concepts. Currently, he is a special contributor analyst for multiple financial websites. He is a mainstream currency research enthusiast with a certain level of research on the global economy. Due to his interest, he has spent a lot of effort studying the development trend of Bitcoin. With his long-standing special market intuition and combined with multiple technical analyses, his operational suggestions have a high execution rate. Jumping candlesticks require an interesting soul to control. Welcome friends in the cryptocurrency circle to come for consultation and exchange.

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