4.15 Morning Brief: Bitcoin and Ethereum both hit resistance at key levels and pulled back; during the day session, consider low-buying.



Last night, BTC bulls expanded volume and surged to as high as 76000, meeting resistance at this important level; in the early morning, selling accelerated and the price retreated, with a low as low as 73760;

ETH followed the move overnight, broke above 2400, pierced to 2416, and then fell; in the early morning, the low touched around 2300.

All three major US stock indices closed higher, and with news-driven momentum plus institutional buying, BTC and ETH both broke to new highs; while in the early morning, there were no negative catalysts either in US stocks or on the news front;

Yet BTC and ETH still saw a relatively sharp “high-platform” drop, and the crypto market printed an independent move, with technical pressure leading to a pullback.

On a smaller timeframe, after this round of retreat from the 65000 level, although there were several dips, overall it remains a sideways-to-up oscillation;

Downside: selling is expected to stop at 73700, with the support level at 73000; the 1-hour ma60, 2-hour ma30, and the 4-hour midline are all around 72500, forming a short-term base.

On the daily chart, it has drawn a complete U-shape; plus just now the yellow-haired commentator said, “The war between the US and Iran has ended,” which is a positive for risk assets, and they may rebound again.

BTC suggestion: Go long directly around 74500, add longs at 74000; target 75500--76000;

ETH suggestion: Go long directly around 2330, add longs at 2300; target 2370--2400.
BTC-0.55%
ETH-2.08%
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