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April 16 BTC Market Analysis:
From the 4-hour chart, the overall trend is still upward, with significant resistance around 75,500. Every time it rises to this level, it gets pushed back slightly, but the lows are gradually getting higher, indicating that the market is steadily moving upward. Last night, Sister Meng led fans to set up long positions and successfully took profits!
In the short-term 1-hour chart, the price is slightly declining but not strongly, and each time it hits a key level, it is quickly pulled back up, often with long lower shadows, indicating there are buyers absorbing the dips and support remains quite strong. Use pullbacks as opportunities to go long, avoid chasing highs.
Trading suggestions:
BTC: Consider going long around 74,000 - 74,200, targeting 75,500.