April 16 Market

Last night’s Bitcoin movement was a typical high pull to lure more buyers, and many friends got trapped at the high peak. In the trading market, if you can’t understand the tricks of the market makers, you will really get eaten alive by them.

I repeatedly reminded everyone in the live broadcast last night that a change in trend is imminent. From the four-hour K-line chart, if the closing price is around 85000, then the top formation will be confirmed. I told everyone that the rebound is a good opportunity to short, with the target looking towards the 83500 - 83000 range. This morning, the market completely met expectations, and after reaching the target, I immediately advised everyone to take profits on their short positions.

Next, pay close attention to the key point at 83000. If it effectively breaks down, it is highly likely to pull back to around 81200; if the 83000 support level holds, it’s time to go long, with the upper target looking at 86000 - 86500. Be sure to operate cautiously, strictly maintain stop-losses, and keep up with the rhythm to profit in this market!

btc, upper resistance levels: 88000/865000, lower support levels: 83000/81200, pay special attention to the situation when 83000 breaks.