4.16BTC/ETH Market Outlook:

Bitcoin is currently repeatedly testing around 75,000. The day before yesterday, it surged to test the previous high of 76,000 but faced resistance and pulled back. However, the pullback was not deep, which undoubtedly gives the bulls a strong confidence boost, believing that the retracement is minor, just a consolidation after the surge, with everyone shouting for a bull return and eyeing Bitcoin at 100k.

On the daily chart, the price is tightly hugging the upper band of the Bollinger Bands and rising. The KDJ indicator is overbought at high levels and has started to turn downward, RSI is also overbought at high levels and is flattening and slowing down. As I always say, you don’t need to rush into short positions now, but at this level, don’t chase the rally directly either.

The intraday strategy remains unchanged. Relying on the resistance at the previous high of 76,000, attempt to go long from higher levels. This left-side operation is prone to being trapped or floating losses, so be sure to control your position size. If 76,000 can be stabilized, the market is likely to test the 79,000 and 80,000 levels. At that point, close short positions with a stop-loss, wait for the next resistance to go long again, or choose to hold and add later, depending on each trader’s personal habits.

Ethereum is playing around 2,400 to 2,500 for long positions. The 2,500 level is the middle band of the weekly Bollinger Bands acting as resistance. If it pulls back, support levels to watch are 2,310, 2,250, and 2,170. If there’s a sharp drop, look at 2,120 and 2,020 as support levels. #GatePreIPOs首发SpaceX $BTC