4.16 Concubine

Overnight U.S. stocks rallied across the board, lifting risk assets higher. ETH surged to 2385, hit resistance and pulled back; it is currently trading at 2352, consolidating near the highs.

Technical Analysis
The 4-hour timeframe maintains a long-position structure. The Bollinger Bands are running along the upper-middle band, and the bullish trend has not been broken; however, buy volume at high levels is fading, and the upward momentum is stalling clearly. In the short term, price has entered a strong resistance zone. It is strictly forbidden to chase longs; the priority is the idea of oscillation with a pullback.

Key Zones
Resistance: 2370–2400 (core shorting zone), strong resistance 2400–2415
Support: 2320–2300 (strong support band)

Intraday Operations

Short sell in batches from 2370–2400, targeting 2320–2300
If the price stabilizes around 2300 and does not keep falling, reverse to go long, targeting 2350–2380

Core Conclusion: The uptrend remains unchanged, but there must be a retracement at high levels. Short first, then go long; focus on selling high and buying low. $BTC $ETH