[April 16] BTC/ETH Market Analysis and Short-term Strategy Reference

Bitcoin (BTC) Technical Review and Ideas:
The daily chart is anchored around the 74,800 area, with a clear resistance at the 75,000 integer level above, which was not effectively overtaken by the bulls yesterday. This resistance remains strong. On the downside, the 73,800 to 73,000 range forms a short-term support zone, with signs of stabilization appearing after a pullback to the first support during yesterday’s session. Switching to the 4-hour structure, the price has launched a second assault on 76,000 but was met with selling pressure and failed to break through. 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 was around 2,358, with the resistance area between 2,360 and 2,400 not yet broken by the bulls, and a breakout signal remains unclear. The 2,300-2,280 zone still acts as a buffer. The 4-hour trend shows two attempts to test the 2,400 level, both of which were rejected. Currently, selling pressure is concentrated between 2,380-2,400, with support levels at 2,300-2,250.

Comprehensive Analysis:
Both major cryptocurrencies are operating near key resistance levels, repeatedly testing but failing to break through, while declines have not breached support lines. The market shows typical range-bound consolidation characteristics, with both bulls and bears temporarily at a standstill. At this stage, chasing the market upward carries higher risk; a more prudent approach is to rely on key levels for high sell and low buy setups or to wait for a breakout confirmation before following the trend. When prices are in the middle of the range, 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 shorting, with a stop-loss above 76,200, targeting around 74,200.
· Long Strategy: If a pullback to around 73,800 stabilizes, look for a rebound, with a stop below 72,800, aiming for around 75,100.

April 16 Intraday Order Reference (ETH):

· Short Strategy: If an upward move to around 2,370 encounters resistance, try a small short position, with a stop above 2,410, targeting around 2,300.
· Long Strategy: If a deep correction reaches support at around 2,260, consider a long position, with a stop below 2,240, aiming for around 2,330.