April 8th, Kōku: The continued rise over the weekend, has the bull market started?

CN
10 months ago

2024.04.08 Monday

Continuous rise over the weekend, has the bull market started?

① 23:00 US March New York Fed 1-year inflation expectations

② 01:00 the next day, speech by Gülsün Gürsoy, Federal Reserve

  1. Daily chart: After breaking through the 61000 level, there was some fluctuation, and if the later pullback does not break this support, it is still an upward trend.

  1. 1-hour chart, short-term rebound testing the 70500 resistance level, and if the later rebound does not break this resistance, there is still a trend of further decline.

II. Ethereum

  1. Daily chart: After breaking through the 3200 level, there was a pullback, and if the later pullback does not break this support, it is still an upward trend.

  1. 1-hour chart, short-term rebound testing the 3500 resistance level, and if the later rebound does not break this resistance, there is still a trend of further decline.

I. Bitcoin

  1. Yesterday's view:

Summary: After the price briefly fell below the 69000 level, there was a rebound, and if the later rebound does not break this resistance, there is still a trend of further decline, with support at the 66600 and 64510 levels; if it breaks above, it will enter a rebound phase, with resistance at the 70200 and 71660 levels.

  1. Later trend:

After briefly falling below the 69000 level, the later trend maintained a narrow range above it, reaching a high of 70395.

II. Ethereum

  1. Yesterday's view:

Summary: After briefly falling below the 3420 level, the price maintained a range, and if the later rebound does not break this resistance, there is still a trend of further decline, with support at the 3590 and 3670 levels; if it breaks above, it will enter a rebound phase, with resistance at the 3200 and 3100 levels.

  1. Later trend:

After briefly falling below the 3420 level, the later trend maintained a narrow range above it, reaching a high of 3462.

I. Bitcoin

Summary: Short-term rebound testing the 70500 resistance level, and if the later rebound does not break this resistance, there is still a trend of further decline, with support at the 66000 and 63000 levels; if it breaks above, it will enter a rebound phase, with resistance at the 72000 and 73800 levels.

II. Ethereum

Summary: Short-term rebound testing the 3500 resistance level, and if the later rebound does not break this resistance, there is still a trend of further decline, with support at the 3280 and 3150 levels; if it breaks above, it will enter a rebound phase, with resistance at the 3650 and 3800 levels.

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