Crypto Circle Mr. Coin: 4.16 Bitcoin (BTC) Market Analysis Reference)

On the four-hour chart, a clear double-top structure has already formed. The two highs are around 74506 and 74434 respectively. Currently, the price is repeatedly testing the neckline area around 73500. The latest four-hour candlestick has closed with a long lower shadow, and in the short term, the low-point area around 73500 has clear buy orders absorbing and supporting it.

At the daily chart level, in the past three days there has been a consecutive propeller-style pattern formed by candles with long upper and lower shadows, and short-term bulls and bears are fighting extremely intensely at this level. On the daily chart, the previous high at 76038 is a strong resistance, while the previous low at 73514 is an important support.

In terms of indicators: on the four-hour chart, the MACD DIF has already crossed below the DEA, forming a death cross. However, the daily MACD histogram is still holding a positive value of 1231, which indicates that the bullish momentum on the larger timeframe has not completely faded. As for moving averages, the price is still firmly standing above EMA30 and EMA120, which are at 73038 and 70775 respectively. The moving-average system is still arranged in a bullish order. However, note that on the one-hour timeframe, EMA7 and EMA30 have already stuck together around 74078, and the short term is about to choose a direction.

Overall, the larger timeframe remains relatively strong, but the adjustment pressure on the smaller timeframe has not been fully released yet. Next, the key is to keep an eye on whether the 73000 neckline holds or breaks—this will determine the short-term rhythm.

For trading, it is recommended to wait until the price touches the 72800–73300 zone.

4.16 Bitcoin short-term reference: 74800–75800 range; defend at 76800; stop loss 500 points. Target below 74000, aiming for the 72200–71800 range; target above 73000, with a stop loss of 500 points. Stop loss 500 points message sending may be delayed. Strategy suggestions are for reference only. The market changes in an instant—no matter how well you can judge and grasp the market, be sure to set take profit and stop loss properly. Let profits run and secure your gains. #GatePreIPOs首发SpaceX #Gate3月透明度报告 #高盛申请比特币收益型ETF #美军封锁霍尔木兹海峡 $BTC $GT $ETH