4.16 Market Analysis: Bitcoin Bearish Trend in Effect, Waiting for a Decline

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11 hours ago

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BTC: The daily chart has formed an inverted hammer candlestick, and there is a clear double top resistance above 86000, which is a significant bearish signal. In yesterday's video, it was also emphasized to consider opening short positions around 86500. In the short term, pay attention to the minor support at 82800. If the daily closes below this level, it is likely to continue testing the 80500-81000 range.

ETH: The multiple top resistance at 1690 is quite evident, and in the short term, it is showing a downward consolidation. The key support to watch is in the 1480-1500 range; if this level is lost, it will trigger a larger-scale drop.

For more explanations, please patiently watch the video. If you have any questions, you can follow the public account: Ding Junxian.

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