April 16 Morning BTC/ETH Market Analysis



BTC surged to 75,391 in the early morning then pulled back, currently trading around 74,669, with high-level oscillations and a pullback. The 15-minute MA7 has turned downward, MACD shows a dead cross with increasing green bars, indicating short-term dominance. Resistance is strong at 75,000-75,400, and key support is at 74,000-74,200. In the morning, prioritize short positions, and look for a rebound at support before considering long positions. ETH moves in sync with BTC, surged to 2,385 in the early morning then pulled back, currently trading around 2,352, also retracing from high levels. MACD shows a dead cross with increasing green bars, strengthening the short signal. Resistance is strong at 2,370-2,385, and key support is at 2,330-2,340. In the morning, prioritize short positions in sync.

BTC Trading Suggestions:
Place short orders around 74,800-75,000, targeting 74,200-74,000;
Place long orders around 74,000-74,200, targeting 74,800-75,000.

ETH Trading Suggestions:
Place short orders around 2,360-2,370, targeting 2,330-2,340;
Place long orders around 2,330-2,340, targeting 2,360-2,370.
BTC1%
ETH1.01%
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