2025.4.16.BTC.ETH.Intraday Market Analysis

Bitcoin's recent decline has just touched the support near 83000. The current market is experiencing a daily-level fluctuation. Last night, I told the brothers that we should look for support at 83000 and defend the support at 82000. As long as these two levels are not broken, the market is undergoing a normal pullback, and there is a chance to go up. The first support has already been touched. Whether the market can go up depends on whether the upper pressure at 84500 can stabilize. The rebound pressure is first observed at this level. If the four-hour closing price is above 84500, this four-hour-level pullback will be completed, and there is a chance for a second attempt to break through the 86000 pressure. Before the four-hour level stabilizes at 84500, do not easily take a long position, as this indicates that the market has not completed its pullback and is only experiencing a minor rebound, with the possibility of further decline. The long position strategy: Try in the range of 82000-81000, and set a stop loss to prevent a spike near 79000. If it has not declined to that level, you must wait for the four-hour level to stabilize at 84500 before considering it.

ETH

Currently, Ethereum's four-hour level has also turned bearish. In the short term, watch the rebound pressure at 1610. The market must stabilize at this price level for it to have a chance to continue rising. A conservative long position can be considered once the four-hour level stabilizes at 1610, with targets at 1650 and 1690. Do not easily take a long position before it stabilizes; you can wait for a second decline in the range of 1505-1470 to build a long position.