#ETH Thursday evening April 15th Bitcoin analysis and strategy



In the afternoon, Bitcoin surged to the previous high of 2384 before quickly pulling back, retesting and breaking below the upper boundary of the bearish flag pattern. Currently, it has re-entered the flag pattern for consolidation, with the overall trend in the evening leaning more bearish. Focus on the breakout direction of the lower boundary of the flag and key support/resistance levels.
In the early morning, the attempt to break above 2416 failed, forming an hourly divergence and a long upper shadow on the rebound, increasing selling pressure above, with bullish momentum waning.
After the price fell back into the flag range, it shifted to a weak consolidation pattern. The 4-hour MACD bullish momentum is shrinking, increasing the risk of further consolidation or a breakdown in the evening.
Key levels: 2363 (flag upper boundary, turning into strong resistance), 2333 (4-hour support/resistance divide), 2305 (short-term strong support), 2257 (core support zone).
Resistance above: 2363 → 2396 → 2416
Support below: 2333 → 2305 → 2257

Evening trading suggestions:
- Break above 2363 with volume, go long on a right-side breakout, with strict stop-loss.
- Break below 2340 with volume, go short on a right-side breakdown, set stop-loss properly before entering.
- Confirm support at 2305 on retest, consider going long; if it breaks below 2265, exit.
- Left-side pin bar setup: long position at 2242, stop-loss below 2216.
- If hourly price stabilizes above 2363, target 2396-2434 above.
- Reach 2434, consider reversing to short; if it breaks 2478, stop-loss and exit.
- If the 4-hour level breaks below 2333, look for support at 2306-2256.
ETH-0,49%
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