Friday afternoon, April 10th BTC/ETH Silk Road sharing



From the current market situation, the rebound highs are gradually declining, and the overall structure has turned weak. After touching 73,100, Bitcoin quickly retreated, forming a classic long upper shadow, which is a strong signal of a short-term top and selling pressure release. This indicates that above 73,000, the bullish momentum has basically been exhausted, and the bears are beginning to dominate. Currently, 72,000 is located in the middle to lower part of this upper shadow, clearly below the previous high. After experiencing a violent rebound, the market failed to sustain high levels and instead entered a sideways downward channel, further indicating that the upward structure has been broken.

Operation suggestions:
Bitcoin 72,200-72,600 range for short-term trading, target 69,700
Altcoin 2,210-2,230 range for short-term trading, target 2,090
$BTC $ETH #加密市场回升 #原油小幅上涨 #美伊停火协议谈判再生变故
BTC1.48%
ETH1.86%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin