Thursday, April 16th, Afternoon Thoughts on Mu Feng


Bitcoin repeatedly tested below 73,500 without breaking it; support is strong and effective, rebounds repeatedly hit new highs, and the bulls are clearly dominant.
74,400 is the critical line; holding it means it won't drop to 73,800 again; once broken, look for 72,600 below.

The rebound structure is already well-formed; this round's target is directly at 76,000. Once reached, reduce positions immediately!
74800 is a dense resistance zone; only a steady breakthrough will accelerate, and intra-day is likely to see oscillation and accumulation.

Trading Suggestions
Bitcoin: Buy directly around 74,500-74,000, target 76,000
Ethereum: Go long around 2,340, target 2,400
BTC0,2%
ETH0,19%
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