2024.4.16 #BTC Market Analysis

Chart situation: (H1 chart)

1) Downtrend, after rebounding last night to gain liquidity, it went downward and the structure was destroyed. Here we continue to look at the black range-L test, and there is a probability of going to 5W9 FVG to gain liquidity.

2) Currently, the H1 MSB continues downward, and here the EQL is waiting to be hunted. Still have to be patient and the downtrend structure is still there. The current short-term rebound is expected to test 64852 for fvg acquisition, and then continue downward without breaking last night's high.

Trading recommendations:

1) There is no big problem in buying spot orders in this range of 60000-58000. 2) The contract needs to wait until the hunting is completed before operating it.

PS: This article is only my personal opinion and does not serve as investment advice. Please be responsible for your own profits and losses.

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