#巨鲸动向 $BTC

4/16 Analysis and Trading Ideas for Bitcoin

- Resistance Level: $864 (previous daily high + Fibonacci 38.2% retracement level overlap)

- Secondary Resistance: $848 (4-hour EMA50 + short-term descending trendline)

- Support Level: $830 (psychological level + VPVR volume concentration area)

- Initial Position Recommendation:

- Place a limit order at $848 (2% position), with a stop loss above $864 at 2% (approximately $881)

- Additional Strategy: If the price tests the $864 resistance and shows:

* 4-hour Pinbar/Engulfing Pattern

* RSI Divergence (above 70)

* Volume Contraction

Then, you may add 3% more to the position.

- MACD: Observe if a death cross forms on the 1-hour chart and if the histogram turns green.

- Bollinger Bands: Higher validity when the price touches the upper band (usually corresponds to the $848-$852 range).

- Order Flow: Confirm a large accumulation of sell orders above $864 through L2 data.

- Total Position Size ≤ 5% of account funds.

- Risk-Reward Ratio set to 1:2.5 (enter at $848, target $820, stop loss at $881).

- Contingency Plan: If it breaks above $864 and holds for 2 hours, consider going long (stop loss at $852).

- Pay special attention to the London session opening (16:00 Beijing time) and around the US stock market opening, as volatility usually increases.