🚨4/16 midday BTC/ETH market report🚨

🔶 Bitcoin touched the lowest near 83000, there is no doubt that our 84267~83947 long orders have been reduced at 85500 and 86000, and Ethereum has also been caught off guard, and our 1610~1600 long orders are also in ~1647~1670~1680, all of which have prompted everyone to reduce their positions, and now they have also played to protect their principal and losses. The chat room also reminds everyone in the early morning that there is a lot of pressure around 1 6 2 5, and it is difficult to continue to rise if it does not break through. Indicators will deceive people and there is a lag, we do not have the ability to influence the market, we can only take a controllable defense in the key position to play a game, by the way, we reduce the position in time to change the principal and loss to continue the game, wrong we stop loss in time to admit the mistake, in this market we can be wrong that's all. You want to be able to eat every market, and you can eat both long and short, difficult! Don't be blindly confident. Getting back to business, today's market, we need to find the answer to the market.

🔶Currently, the upper part of the sky map has still not effectively broken through the cloud layer. There is resistance around 85000, with support at the baseline near 81600, as well as support at the turning line around 80500 and support at 83283BBI.

🔶The four small timeframes currently show signs of a downward opening in the Bollinger Bands, and the lower space has opened up. Caution is needed for long positions as the price has now broken below the turning line and base turning line. Therefore, 84600 and 84750 are likely to become new resistance levels. Support is near the cloud top around 81500 and support around 80280.

🔶The hourly price has fallen below the cloud. Currently, the BBI and SAR are pressuring around 83920, with 84550 and 84750 also acting as resistance levels. These positions can be used to participate in light shorting. It seems difficult for long positions to take hold; those who want to participate can only refer to the daily level to engage in low buying.

📉: Shorting Strategy: Enter short positions near 83920～84550～84750, with a stop loss at 83920+ (1177.8×1.5)=85686.7, target 82900～81600～80500

📈: Long strategy: Enter near 81600~80500, defend at 81600- (1179×1.5)=79831.5, target 82600~83900~84500~85000~86000

🔶$ETH ：
📉 : High-altitude strategy: 1607~1618~1625 near the short single approach, defense 1655, target 1540~1480

Long position pending:

⚠️ Note that all the above entry and exit points have a deviation of Bitcoin ± 100 points and Ethereum ±5 points, and the above points have real-time changes and news impacts based on the conclusions obtained from disk graphics and technical indicators, please adjust #WCTC S7 报名开启# #Gate.io 12周年# #加密安全见解# according to your actual situation