Mu Feng Looks at Trends: Bitcoin's Evening Pullback Long Strategy Reaches Target for Profit Taking

Mufeng Looks at Trends: 4.16 Bitcoin/Ethereum Evening Market Analysis with Trading Suggestions

The daily price level is still fluctuating around the mid-track, with the current KDJ and MACD continuing to oscillate. In the main chart, MA5 and MA10 are intertwined. From a daily perspective, all indicators are in a situation of mutual restriction. Overall, the short-term market is mainly focused on sideways consolidation. The current MACD indicator at the 12-hour level is in a sideways oscillation phase, with the short-term MACD basically showing a shrinking oscillation. Trading volume has been continuously decreasing, but the main chart's MA5 and MA10 moving averages are slightly rising in sideways oscillation. Therefore, overall, there is rebound potential in short-term indicators. For evening operations, it is suggested to buy on dips in batches, with specific points as follows:

BTC: Buy around 83500-83000, target 85500

ETH: Buy around 1570-1550, target 1640

The above are my personal evening trading suggestions. Market conditions change rapidly, and this article has a certain lag. Specific operations should be based on real-time guidance. If you have any questions, feel free to consult.