16 April Cryptocurrency Market Analysis


【Daily chart bullish arrangement with two days of large positive candles】
Strategy: ✅ Long position betting ✅
1️⃣ Market 【BTC ETH】 current key support levels:
【BTC】 It is recommended to hold a core position for long positions
Open position: around 73295
Stop loss: 72743
Take profit: around 78000
【ETH】 It is recommended to hold a core position for long positions
Open position: around 2285
Stop loss: 2245
Take profit: around 2500
2️⃣ 【ETH & BTC】 US stocks yesterday hit a 30-year new high again, strong bullish momentum. BTC is unlikely to fall easily and is expected to catch up with the rally. Last night, BTC did not surge strongly; MSTR closed with a doji candlestick, and tonight it is very likely to continue rising, pushing BTC to attack with a large bullish candle. The expectation is to mainly hold long positions with stop-loss in place, regardless of how good the outlook is.
Keep a core position, or wait for a dip if no position, both approaches are possible:
1. Wait for a dip, place a pending order to break BTC: 73500, and ETH: 2285
2. Bet on a breakout, chase long after breaking BTC: 76000, ETH: 2400
If this helps you, please give a thumbs up to Brother Qiang 👍 + follow
All opinions are personal views only
Not investment advice, DYOR
BTC0,58%
ETH-0,71%
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