On the evening of April 16, BTC does not chase high, more stable to re-test key support for long positions, latest market analysis

Bitcoin is currently priced at 74700. The upward trend that started from a low point remains intact, and many friends who followed along have made profits. In fact, making money in the crypto space has never been about guessing, but about understanding the trend, holding good positions, and managing risks. Today, I will use two charts of four-hour and two-hour intervals to clearly break down the current market, support and resistance, and practical strategies for Bitcoin, so that beginners can directly follow along, and after reading, they won’t feel confused facing the market anymore.

The daily K-line has shown a clear upward trend, currently successfully standing above the EMA15 and EMA30 moving averages, with an initial establishment of a bullish trend. The MACD red column continues to expand, with DIF and DEA maintaining an upward movement above the zero axis, and no divergence signals have appeared; the Bollinger Bands are gradually widening, and the price is moving towards the upper Bollinger band, indicating that the upward momentum at the daily level is still being released. The upper resistance is seen at 76000-76500, while the lower support is around the middle track of the Bollinger Band at 72000.

The four-hour K-line moving average system shows a standard bullish arrangement, with EMA15, EMA30, and EMA60 diverging upwards in sequence, forming a solid support zone. The MACD red column remains above the zero axis, although there is a slight decline, but a death cross has not appeared, indicating that bullish momentum has not completely weakened; the Bollinger Bands are opening upwards, and the price is operating near the upper band, with support located near EMA15 at 74177. As long as it does not break this level, the four-hour upward trend is unlikely to be damaged.

Evening entry references for the North and South

For entry in the North: 74250-74350, stop loss at 73800, target looking at 75400-75900, after a breakout can extend to the previous highs.

For entry in the South: 75900-76300, stop loss at 76500, target looking at 74700-74400. Southern entry is only suitable for short-term quick in and out.

Many people always think about "buying the bottom and selling the top," but end up going against the trend. Just like this wave of BTC market, obviously the overall direction is upwards, but they keep thinking about waiting for the perfect pullback, and as a result, the higher they wait, they finally can't help but chase in, just to encounter a pullback. In fact, trading does not require pursuing perfect positions; go with the trend, hold good key support, and manage stop losses well to steadily profit from the trend, without competing with the market.

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