【4月16日】BTC/ETH Chart Analysis and Short-term Strategy Reference

Bitcoin (BTC) technical review and ideas:
Daily chart is fixed around the 74,800 region, with a clear resistance at the 75,000 integer level above, where the bulls' attempt yesterday failed to effectively take control. This resistance remains strong. On the downside, 73,800 to 73,000 form a short-term support zone, with yesterday’s pullback near the first support showing signs of stabilization. Switching to the 4-hour structure, the price has launched a second attack towards 76,000 but was repelled by selling pressure. Currently, strong resistance remains at 75,500-76,000, while the support zone focuses on 74,000-73,000.

Ethereum (ETH) technical review and ideas:
The daily close is at 2,358, with the resistance area above 2,360-2,400 not yet broken by the bulls, and a breakout signal remains unclear. The 2,300-2,280 zone still acts as an effective buffer. The 4-hour trend shows that the market has tested the 2,400 level twice and was rejected, currently selling pressure is concentrated at 2,380-2,400, with support at 2,300-2,250.

Comprehensive analysis:
Both major cryptocurrencies are operating near key resistance levels, repeatedly testing but failing to break through, while the pullbacks have not breached support lines. The market shows typical range-bound consolidation characteristics, with bulls and bears temporarily at a standstill. At this stage, chasing high is risky; a prudent approach is to rely on key levels for high sell and low buy setups or wait for breakout signals after the range is broken. When prices are at the mid-zone, it’s more rational to stay on the sidelines.

April 16 intraday order reference (BTC):

· Short strategy: If a rebound to around 75,300 faces resistance, consider short entry, with a risk control point above 76,200, and target at around 74,200.
· Long strategy: If a pullback stabilizes near 73,800, look for a rebound, with a stop below 72,800, and a rebound target near 75,100.

April 16 intraday order reference (ETH):

· Short strategy: If rising to around 2,370 encounters resistance, try a small short position, with a stop above 2,410, and target around 2,300.
· Long strategy: If a deep correction reaches support at 2,260, consider a long position, with risk control below 2,240, and an upward target near 2,330.