4.16 Bitcoin/Ethereum Market Analysis and Thought Reference

First, let's review the short positions at the resistance levels provided yesterday. Everyone should have entered, right? The short positions for Bitcoin were given at 86200 to 87000, and for Ethereum at 1650 to 1700. Currently, all are in profit, and we can reduce some positions, leaving the rest to continue looking downwards. This is what I often emphasize: we must first layout our trading plan. The rest can be left to time.

Bitcoin's daily high reached around 86500, and the low fell to 83000, breaking below the bottom support, and there’s a high probability it will continue downward. The daily chart has failed to break above 86500 four times, and it has now retreated to the EMA30 support level around 83500, which is worth noting. MACD continues to expand, and DIF and DEA are approaching the 0 axis from below. The Bollinger Bands are horizontal, and the candlestick has retreated under the upper band, so we may observe the middle band support at 82600. Currently, the short-term trend is bearish, and the long-term trend is sideways.

The four-hour candlestick broke below the EMA15 trend line at 84400 after a high, testing the two major support levels at 83200 and 83800. There is still profit space for short operations, which can be held. MACD shows continuous contraction, with the top divergence continuing, and DIF and DEA diverging downwards from a high position, strengthening the bearish momentum. The Bollinger Bands are narrowing, and after breaking the middle band at 85800, the price is pushing down towards the lower band at 83300, maintaining a bearish outlook in the short term.

The main entry points for high shorts are around 87000 to 86200, with a top-up at 87500, a stop-loss of 500 points, and a target of 85800 to 85000 and 84500.

For long positions at 83800 to 83000, top-up at 82500, stop-loss of 500 points, and a target of 84300 to 8500 and 85500.

For Ethereum, the high short resistance level is 1630 to 1700, top-up at 1750, stop-loss of 40 points, and a target of 1580 to 1530 and 1500.

For long positions at 1580 to 1550, top-up at 1500, stop-loss of 40 points, and a target of 1650 to 1680 and 1700.

I have always emphasized to everyone that in cryptocurrency investment, it is essential to plan your trading strategy in advance. With a solid plan and strict execution, the rest can be left to time, and profits will often arrive as scheduled. I hope everyone can reap abundant rewards through scientific trading! #比特币与美国关税政策 $BTC