4.10 Market Analysis: Bitcoin Bounces Back from the Bottom, Don't Chase Long Positions in the Short Term

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丁君羡
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10 days ago

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  BTC: The price of Bitcoin tested a low of 74700 yesterday before starting to rebound. The daily chart shows a clear double bottom support at this position, and the candlestick formed a strong engulfing bullish candle. The surge in the early morning was influenced by the suspension of tariffs, and the current market is still quite responsive to this. The downward trend at the daily level still exists, and it will be somewhat difficult to break through the sell orders at 83500-84000 directly; a short-term spike may occur followed by a pullback, so pay attention to the support area around 80000-80500.

ETH: Yesterday, the price tested a low of 1384, which was also the buying position emphasized yesterday. The short-term resistance is clearly at 1784; without a valid breakthrough, it is merely a rebound from an oversold condition, so it is advisable to reduce holdings appropriately.

For more explanations, please patiently watch the video. If you have any questions, you can follow the public account: Ding Junxian.

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Bybit: $50注册体验金,$30000储值体验金
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