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Bitcoin, Ethereum recent trend insights share
The US and Iran return to negotiations, market sentiment becomes increasingly optimistic, the market generally warms up, and altcoins are eager to try! Bitcoin leads the altcoins to make a strong rebound, institutions are increasing their holdings of Bitcoin and Ethereum. US stocks also break new highs, unstoppable, with ten consecutive positive days on the daily chart.
Returning to Bitcoin, the last time Bitcoin hit the 76,000 level was on March 17, exactly one month from today. This time’s rally still hasn't broken through 76,000, so it’s too early to be bullish. The previous high was not broken, or only slightly broken, so a strong bullish outlook is unwarranted; instead, watch for pullbacks. Bulls should wait for a correction to enter, reducing position risk. If it breaks 76, try a small long position on the right side. Above 76, in the range from 76,000 to 84,000, this zone did not accumulate much trading volume during the recent decline; it falls quickly and rises quickly, so be cautious.
Bitcoin resistance today is around 75,200 to 76,000.
Support levels are around 73,500, 72,000, and 70,500.
Returning to Ethereum, on April 14, Ethereum reached a high of 2,415, just near the previous high of 2,385, which also did not break significantly. Watch for pullbacks after the rally. Currently, around 2,385, a double top pattern has formed, so consider short positions. Today, Ethereum’s bullish/bearish dividing line is around 2,345.
Ethereum resistance today is around 2,385.
Support levels are around 2,305, 2,255, and 2,160.
The risk is market punishment for traders lacking patience, discipline, execution, and insufficient awareness.
The opportunity is market rewards for respecting rules, extreme patience, discipline, and execution.
Please note, this content does not constitute investment advice. Manage your risks accordingly. ##加密市场回升 $BTC $ETH