4.16 Cryptocurrency Mr. Coin: Bitcoin (BTC) Market Analysis Reference

Yesterday, Bitcoin's market maintained a range-bound consolidation. In the evening, the price was buoyed by the opening of the U.S. stock market but did not break through the key resistance level. It touched around 86450 at a high and faced selling pressure, leading to a downward reversal and continued range-bound fluctuations.

Currently, the price is operating in the area around 83600.

From the daily chart perspective, both bulls and bears are relatively stuck, and the market has not broken upward. Currently, price fluctuations are being compressed, with the situation fluctuating up and down in a triangular range, and the price is running near the five-day moving average. Overall, the trend is relatively flat, and it is expected that the daily market will continue to maintain range consolidation. It is recommended to sell high and buy low.

From the short-term hourly chart perspective, the price has shown four consecutive bearish candles, and the bearish sentiment is gradually warming up. So far, the market has also seen a drop of nearly 1500 points, approaching the low of 83600 from yesterday. If a rebound cannot continue in the future, the coin price may retrace to lower support. The short-term trend is still within the range and has not broken. All operations should still focus on selling high and buying low.

4.16 Bitcoin Short-term Reference:

Light position short orders at 85000-85800, with a stop loss at 87500, target 84000 below,

Long orders at 81500-72500, with a stop loss of 500, target 83500 above,

4.16 Ethereum Short-term Reference:

Short orders: 1650-1700, with a stop loss at 1850, target 1500 below,

Long orders: 1480-1530, stop loss of 30 points, target 1600 above,

The sending of messages may be delayed, and strategy suggestions are for reference only. The market changes rapidly, and regardless of how confident you are in market judgment, always have stop-loss and take-profit measures in place for safety.