4.16 Today's strategy analysis
Bitcoin reached a new high last night, consistent with expectations. After breaking the new high, a significant pullback occurred. The live broadcast clearly explained the profit-taking levels and operations. This wave of decline is in line with expectations, allowing for substantial profits. Now, it has retreated to around 83000, which is a critical level that cannot be broken. If it breaks below this support level, it will be detrimental. Therefore, before any breakouts, we view it as building a platform; if it breaks, we view it as an adjustment in the market. Pay attention to the rebound strength around 83000; the larger the space recovered from the decline, the more stable the platform will be. It is expected that today's market will rise and then fall, releasing the downward selling pressure before once again attempting to reach a new high. We need to guard against a significant break below 83000, and for the rest of the time, we can view it as a fluctuating market.
Bitcoin short contract level, short trading can be done near the resistance level of 86000, take profit around 83000, stop loss at 86800.
Bitcoin long contract level, near the support level of 82650, short long trading can be done, take profit around 85800, stop loss at 81800.
Ethereum itself is in a weak rebound, with the upper resistance at 1700 unable to break through. Although it followed a correction last night, the overall structure of maintaining a fluctuating platform has not been broken. 1571 is the low point of the structural range platform. In the short term, pay attention to whether this position can be broken. Once the platform support is broken, it will start a downward trend toward new lows. So keep a close eye on the critical positions. In a weak situation, once it breaks down, it will indeed go down all the way. The coping strategy focuses on shorting at the upper resistance level until it breaks away from this platform and stands above 1700 before changing the strategy. It is expected that today's trend will be biased towards fluctuations, watch more and act less to wait for the direction to choose.
Ethereum short contract level, short trading can be done near the resistance level of 1690, take profit around 1590, stop loss at 1705.
Ethereum long contract level, short long trading can be done near the support level of 1570, take profit around 1677, stop loss at 1555.
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