4.16 Afternoon Market Outlook

Reviewing the early Bitcoin trend, the overall market remains calm, consistently fluctuating within the narrow range of 74,400-75,400, and steadily moving forward. The market has never experienced sudden profits; all steady gains come from clear strategies and a calm mindset. Avoid reckless trading, do not chase greed or impatience—follow the trend to achieve long-term profits.
From the current chart structure, the daily chart shows strong volume with a large bullish candle, successfully reclaiming all previous decline space, with effective bottom support established, indicating a stabilization reversal trend. The overall moving average system has fully turned upward, with a bullish arrangement, and the price has returned to the upward channel, completing the mid-term bullish pattern.
The four-hour cycle shows continuous upward candles, successfully breaking through previous key resistance zones. Although there was a slight pullback for consolidation, it did not disrupt the overall upward rhythm, and the bullish trend remains strong. Currently, the market is in a high-level consolidation phase, digesting short-term floating positions through sideways trading. After proper correction and shakeout, the momentum for subsequent upward movement remains sufficient.
In terms of trading strategy, patiently wait for a pullback and stabilization at low points, gradually build long positions at low levels, follow the bullish trend flexibly, mainly buy on dips, avoid chasing highs or trading against the trend—stability and following the trend are key.

Trading Suggestions:

Bitcoin (BTC): Buy in batches within the 74,200-74,800 range, stop loss at 73,800, target 76,000-76,500
Ethereum (ETH): Buy in batches around 2,330-2,360, stop loss at 2,300, target 2,400-2,430