April 16 Crypto Price Action Analysis


【Daily chart shows a bullish arrangement with large positive candles for two days】
Strategy: ✅ Long position play ✅
1️⃣ Major market 【BTC ETH】 current key support levels:
【BTC】 It’s best to have a core position for the long side
Entry: around 73,295
Stop loss: 72,743
Take profit: around 78,000
【ETH】 It’s best to have a core position for the long side
Entry: around 2,285
Stop loss: 2,245
Take profit: around 2,500
2️⃣ 【ETH & BTC】 U.S. stocks hit a 30-year high again yesterday. The strong bullish momentum means BTC won’t easily drop; instead, there’s an expectation it will catch up with a rebound. Since BTC didn’t surge strongly last night, but MSTR closed with a bullish candle, tonight it’s very likely to continue pushing up—leading BTC to press on with a big bullish move. No matter how good the outlook is, prioritize long positions with stop-losses in place.
Keep a core position; if you don’t have one, wait for the dip—both ways can be used to play the breakout:
1. Wait for a dip, place orders to break above BTC: 73,500, place orders to break above ETH: 2,285
2. Bet on the breakout—if BTC breaks 76,000, and ETH breaks 2,400, then chase the longs
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All viewpoints are based only on personal opinions
Not investment advice, DYOR
BTC1.58%
ETH1.44%
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