April 16 BTC Yifan Morning Analysis:


Intraday V-shaped bottom reversal, surge faces resistance and pulls back into the Bollinger Bands
The middle band of Bollinger at 74,061 marks the short-term strength and weakness dividing line, with the upper band at 74,347 facing clear resistance, and the lower band at 73,774 serving as strong support
A long upper shadow at high levels indicates selling pressure above, do not chase highs in the short term, rely on the high and low points of the range for steady swing trading
Hold the middle band for continued bullishness, a break below the lower band signals weakening trend, only when it stabilizes above the previous high will a new upward space open.
Yifan's personal suggestion for short-term trading: around 75,500-76,300, with targets near 74,000-73,500.
BTC1,73%
ETH1,86%
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