Good evening everyone, I am Xin Ya. Yesterday you were all shorting, let's have a brief review. On the evening of the 27th at half-past ten, the big coin's RSI and KDJ showed dual death crosses, with selling pressure gradually increasing in the fifteen-minute timeframe, and the price dipped around 76500. We can mark this position first. The entire night session saw weak consolidation, with very weak buying pressure; the price of the big coin seemed deliberately suppressed below 76800. Starting from six in the morning, the three one-hour bullish candles were weaker than the previous ones, and the KDJ three lines were stuck below 15, with no rebound even reaching the divergence point of 77500, dragging back to around 76500 by the last three bearish candles, and subsequent consolidation continued to fluctuate in this range, showing no signs of upward repair. The entire daytime market was dominated by bears, and with such weakness in the market, we can continue the thinking we had yesterday and expect further declines.
Now let's take a look at Ethereum. Last night at eleven, it dropped from around 2320 to around 2260, with the highest rebound at 2308, where the main oscillation range was 2260-2280. To understand the future trajectory, we need to refer to the previous period; Ethereum's pullback from 2400 was widely anticipated for a rebound at around 2320 or 2280, right? However, neither of these positions saw a significant rebound as expected, which means there are many trapped positions in the market. This part of the people needs to be cleared out.
From April 23 to 26, when Ethereum was at 2320, the mainstream opinion in the market was bearish. However, Ethereum was pushed to around 2400, and after clearing out those positions, even if the price returns to their initial cost line, they dare not re-enter the market; this part of the people was shaken out. At this moment, most of them will choose to place orders to go long, hoping to recover their cost line and continue shorting. Clearly, the market will not give them the opportunity to hold on until they clear out trapped positions. This is the experience of retail traders in this market phase and also our opponents' perspective. You may look back and see that Xin Ya first advised going long on the 24th and then shorting on the 27th. Compared to retail traders, we just had a few more bites without being trapped.
In fact, there is no need for updates since the market trend is not finished; we just continue with shorts. The target for the big coin remains 75200. The second target is 73800-74200. For Ethereum, the target is 2238, and the second target aligns with the big coin's entry and exit.
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