4.16 Morning Analysis $BTC $ETH

Looking back at the chart trend for the Bitcoin “big-pie” market from the early morning, the price repeatedly probed and stabilized at the key strong support around 74,000. It then strongly rebounded and surged upward. The intraday high touched around 75,400, faced pressure, and pulled back. Current price action is slightly retracing to around 74,800 for consolidation and stabilization. Overall, the market’s overall low continues to move higher, the bullish upward structure remains intact. The 74,00 level below has been tested repeatedly without breaking, and buy orders at lower levels are strong—having already formed a solid short-term support range.

On the technical side, the hourly moving averages show a bullish aligned arrangement. The price steadily holds above the MA30 moving-average support. During the upswing phase, the trading volume expands in sync; during the pullback and rest/consolidation phase, volume continues to contract. This is a healthy and benign technical pullback. The RSI indicator has risen back into a neutral-to-strong range, with no overbought divergence signal. After the MACD formed a golden cross at a low level, the red histogram continues to expand and extend, indicating sufficient rebound momentum in the short term. The Bollinger Bands are widening upward, and the overall market is leaning toward a strong, range-bound upward trend.

Trading suggestions
Buy in batches around 74,000-74,500, targeting 76,000-77,000

Buy in batches around 2,320-2,340 for Ethereum, targeting 2,400-2,440