4.16 BTC.ETH. Evening Analysis
BTC
In the current testing environment, the key support area of 84550 is worth our close attention. From the 4-hour cycle's perspective, if it cannot establish a foothold above this level, it likely means that the rebound strength in the short term will be limited, and the subsequent trajectory will likely continue to maintain a volatility trend, with a possibility of weakening. Further observing the support below, we can divide it into several key levels:
• 83100: This position is the lower edge of the daily consolidation area. Once the price stabilizes in this area, it is expected to trigger a technical rebound, bringing some positive signals for the testing environment.
81700, 80300, 78952: If the price unfortunately breaks below the 83100 support level, the subsequent downward trajectory may continue, and the key support levels to pay attention to below are 81700, 80300, and 78952 in order.
Conditions for upward channel opening and pressure levels
When it stabilizes above 84550 on the 4-hour level, it will be seen as an important signal marking the end of this adjustment. At that time, the upward channel is expected to reopen, and the market may welcome a new round of upward momentum. However, during the upward process, we also need to pay attention to a series of pressure levels above, namely 86100, 87340, and 88500. The breakthrough situation of these pressure levels will have a crucial impact on the further development of the trajectory.
ETH
The key support level in the short term is 1620, which plays an important role as a dividing line in the current testing environment.
Downward risk and volatility trend, if the 4-hour K-line cannot return to the level above 1620, then the trajectory still carries the risk of a downturn, and may maintain a slightly weak volatility trend in the short term. In this case, close attention should be paid to the dynamics of the testing environment, and risks should be controlled reasonably.
If a pullback occurs in the lower support range, the key support levels to watch below are mainly concentrated in the range of 1576, 1545, and 1500. The effectiveness of these support levels will have an important impact on the price trajectory.
Conversely, if it can successfully break through and stabilize at the key position of 1620, then it can be confirmed that the pullback has ended, and the testing environment is expected to welcome a new round of upward momentum. At this time, investors can focus on several target levels above, namely 1640, 1667, and 1730.
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