4.16 BTC.ETH Early Morning Highlights

BTC

During the overnight trading period, we need to focus on the key price level of 84750 for BTC's movement. As long as BTC's price can remain above this level, even if there are minor pullbacks, the overall trend will still be upward. From the perspective of resistance levels, we need to pay attention to the nearby locations of 86100 - 87250 - 88500. These resistance levels act like checkpoints; when the price approaches these areas, it may face certain resistance, leading to adjustments or reversals.

Conversely, if during the overnight 4-hour timeframe, the price breaks below the important support level of 84750, it is likely to trigger a 4-hour pullback. In this case, the support levels below need to be particularly noted, located around the intervals of 83830 - 82780 - 81500. These support levels are an important defense line for the bulls, and once the price touches these levels, the bulls may resist here, attempting to stabilize the price.

ETH

During the overnight period, the price level of 1630 is crucial for ETH. If the price can hold above 1630, then even in the case of minor pullbacks, there is still potential for further upward movement. Regarding resistance levels, the positions around 1656 - 1690 - 1731 are worth attention. When the price approaches these resistance areas, it may encounter selling pressure, which can affect the upward momentum.

If the ETH price breaks below the key support level of 1630 within the overnight 4-hour timeframe, a 4-hour pullback may follow. In this case, we need to pay attention to the support levels below, which are around 1595 - 1565 - 1540. These support areas are important references to determine whether there will be further declines or if the price will stabilize.