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April 16 Market Analysis:
From the 4-hour view, the overall trend is still upward, with significant resistance around 75,500. Every time it rises to this level, it gets pushed down a bit, but the lows are gradually rising, indicating that the market is steadily moving upward. Last night, Sister Meng led fans to set up long positions and successfully took profits!
In the short term (1 hour), although there is a slight decline and it looks a bit weak, every time it hits a key level, it is quickly pulled back up, often with long lower shadows, indicating that there are buyers stepping in below, and support is quite strong. During a pullback, look for opportunities to go long, don’t chase the high.
Trading suggestions:
$BTC : Consider going long around 74,000 - 74,200, with a target of 75,500
$ETH : Consider going long around 2,320 - 2,340, with a target of 2,420
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