4.16 Thursday afternoon: Latest ideas and strategies for Bitcoin and Ethereum

Patience for signals: Most of the time, the market is in disorderly fluctuations. The opportunities that truly belong to you often only appear in those few minutes. Learn to be like a cheetah—lurk most of the time, and only strike when you’re most confident.

From the current price action trend, we are in a technical pullback and build-up phase within an uptrend. The medium-term bullish structure is unchanged: on the four-hour level, the dual lines are above the zero axis, maintaining a golden cross. The red bars may be shrinking, but they are still positive. Bullish momentum is weakening, but the trend is still intact. This is an uptrend consolidation phase. On smaller timeframes, it shows a relatively bullish bias. So after the short-term spike high formed in the morning, there is a need for a pullback and buildup within the day. First, watch for how deep the pullback goes, and then look to go long.

Thursday afternoon trading plan:
Bitcoin: Go long around 74700, target 75700
Ethereum: Go long around 2330, target 2400