April 16 Market Analysis 📊📊
Yesterday, BTC experienced a slight increase, followed by a pullback for adjustments in the early morning, maintaining a healthy trend and stabilizing above 83,000. The pullback has not shown any negative signals; it's a normal adjustment. Recently, attention should be paid to the entry of tariffs, as favorable news is expected to emerge soon. The expectation for the day is continued consolidation, and light follow-up could be considered. The larger cycle needs adjustments, waiting for confidence to recover.
The second derivative is following BTC's consolidation, with the trend expected to return to health. The expectation for the day is to maintain consolidation, with a small position for follow-up and phased entry.
BTC: 1-hour and 4-hour levels have returned to healthy levels, while the daily level is below healthy levels. The expectation for the day is a slight increase,
Support for the day is 82,000-81,500 📈
Resistance above is 85,500-86,000 📉
ETH: 1-hour and 4-hour levels have returned to healthy levels, while the daily level is below healthy levels. The expectation for the day is a slight increase,
Support for the day is 1,490-1,460 📈
Resistance above is 1,620-1,660 📉
