#币安上线WCT 4 April 16 BTC Analysis

BTC, as expected, has completed the raid on the upper resistance zone of 861-865 in the consolidation range. What should we look for next?

From the current chart, we can see that BTC has reached the bottom of the range at 83000, which is a key area to watch. If it continues to break down here, the expectation for a breakout structure will be completely destroyed, and we can continue to look bearish, with the target for the downward raid being 80400 and 78500.

If we receive effective support, we will see a one-hour level rebound.

The rebound target is at 84500 here.

As for intraday operations, although my personal view is somewhat bearish, I can attempt a long position in the 828-831 area, first looking for a rebound to 845 before entering short to look for 804 here.