🔥April 16th Bitcoin Public Strategy

The bullish trend continues, and the main upward wave is set to restart! The counterattack momentum keeps strengthening, and a new round of profit-taking opportunity has officially opened!

After stabilizing around 74200, it has surged upward all the way; the short-term rebound has exceeded 800 points, with a gain of more than 1.1%. The bulls’ offensive rhythm shows no signs of slowing down. Support is being layered and firmly built below, and the bears have no ability to resist again and again! The support range of 74000-74500 has been verified through multiple pullbacks. With bullish chips continuing to accumulate, another sell-off from the bears has no effective room left!

💥Core signals are fully activated:
The pace of capital inflow keeps releasing strongly. A net inflow of 580 million has provided a powerful relay, and the low-level breakout with increased volume signals is clear! It looks like high-level consolidation, but in reality it’s a shakeout and accumulation phase for the bulls. The main upward wave is right on the verge of launching!

Moving averages are turning upward and restoring. Price is steadily holding above the short-term MA7 and MA30. The MACD red bars keep expanding, bullish momentum continues to build up, and the trend reversal signal is completely formed!

🎯Trading suggestions:
Go long following the trend. If the price retraces to 74000-74500, target 75000-76000.
$BTC