April 16, 2026 Bitcoin Intraday Market Analysis and Trading Strategy


1. Market Analysis
① Daily Chart Level: Yesterday closed with a small bullish candle, indicating that the bulls still have strong momentum. Currently, the price remains above the EMA5 line. The short-term moving averages are trending upward. MACD's upward momentum is weakening, and trading volume is decreasing. There is still significant resistance near the 76,000 level. If it cannot break through effectively, the market will pull back. If it breaks through, the next resistance zone is around 77,500-78,000. Support levels are at 73,800, 72,800, and 71,800.
② 4-Hour Chart Level: Currently consolidating and oscillating, with moving averages trending upward, but the highs of the candles are decreasing, increasing upward pressure. Trading volume is shrinking, so be alert for a sudden surge followed by a sharp drop.
2. Trading Strategy
① Short Positions: You can gradually open short positions around 75,500 and 77,000.
② Long Positions: You can gradually open long positions around 73,500 and 72,000.
Market is volatile; strict risk management is essential!
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