April 16 Cryptocurrency Market Analysis



【A bullish alignment on the daily chart, with large positive candles for two days】

Strategy: ✅ Long positions betting ✅

1️⃣ Major market 【BTC ETH】 current key support levels:
【BTC】It’s best to build a core position for long trades.
Entry: around 73,295
Stop loss: 72,743
Take profit: around 78,000

【ETH】It’s best to build a core position for long trades.
Entry: around 2,285
Stop loss: 2,245
Take profit: around 2,500

2️⃣ 【ETH &BTC】U.S. stocks hit a new 30-year high again yesterday, showing a strong bullish trend. BTC likely won’t easily drop; instead, there’s an expectation it will catch up with a bit of a follow-up rally. Since BTC didn’t surge strongly last night, and with MSTR closing with a bullish candle, tonight it’s very likely to keep rising—pushing BTC to press on for another large bullish move. No matter how good the expectation is, you should still focus on stop-loss longs—make sure the stop-loss is set and in place.
Keep a core position; if you don’t have a position, wait for a dip—there are two approaches you can use:
1. Wait for a dip; place orders if BTC breaks: 73500, place orders if ETH breaks: 2285
2. Bet on a breakout; if BTC breaks: 76000, and ETH breaks: 2400, then chase longs
#加密市场回升 $BTC $ETH
BTC0.58%
ETH-0.71%
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RichBrotherV10
· 11h ago
Steadfast HODL💎
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RichBrotherV10
· 11h ago
Hop in the car!🚗
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RichBrotherV10
· 11h ago
Hop in the car!🚗
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