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Thursday, April 16th, Morning Market Analysis
In the early hours, Bitcoin precisely retested the strong support at 73,500, with a violent rebound directly surging to 75,233, and the current price firmly staying above the 75,000 level! Last night, the long position strategy was perfectly predicted, with Bitcoin capturing over 1,500 points in profit, and Ethereum gaining over 70 points, with the rhythm completely in line with the main force’s intentions!
The current bullish trend remains unchanged! The small cycle is only showing high-level stagnation and oscillation, essentially building up strength to break new highs. The current correction space is extremely limited, with probing attempts during the session quickly absorbed by the bulls, and support below remains solid. The bears are clearly weak! Today's strategy is extremely clear: follow the trend and go long without hesitation. A pullback is the best entry opportunity—stay close to the bulls and enjoy the gains!
Trading Suggestions
Bitcoin: Go long near 74,500, targeting 76,300
Ethereum: Follow up with longs near 2,350, targeting 2,400
$BTC $ETH #