Bitcoin April 16 Trading Ideas

Intraday BTC Market Analysis: Looking at the 4-hour BTC chart, the downward channel has not been broken, but the resistance above is increasing. Last night during the US trading session, it reached around 86400 and hit EMA15 before starting to decline. Pay attention to the support level at the 4-hour support level, and be flexible in your approach.

Trading Plan: BTC

1- Focus on the support results around 82500--83000, buy on a bottoming reversal, and short if it breaks down.