[In-depth analysis of BTC/ETH intraday market on April 7, 2024]
Today, the market returned from the holiday, and the market ushered in a wave of steady upward market. BTC successfully stood on the key point of 68800 that we deduced yesterday, which means that the daily level correction has come to an end and a new upward trend is opening. Although ETH is slightly weak, if it can break through the resistance level of 3430, its daily correction will also end and start a new round of gains.
For the overall trend of the market, the performance of most altcoins is still slightly inferior to BTC and ETH, but most of them have formed a sideways trend at the bottom of the daily line. For the altcoins that are optimistic, investors can moderately build references to wld, meme, chz, ern, ethfi, etc., all of which have great potential for growth.
Today's trading strategy is as follows:
For BTC, the current 1/2/4 hour charts are all showing an upward trend, the daily correction has ended, and the upward trend is clear. Today, we should focus on the key point of 68800. As long as we stand firm at this position, the bulls will have an absolute advantage. The upper target can be seen in areas such as 69700, 70140, and 71320. If the price falls back, the lower support level is around 68800, 68200, and 66800. If it falls below 58700, it may trigger a small-scale correction.
For ETH, it is also showing an upward trend, but the daily correction has not yet completely ended. Today, we should pay attention to the important resistance level of 3400. Once it breaks through, the daily correction will end and the bulls will dominate. The upper target can be seen in areas such as 3505 and 3677. If the price falls back, the lower support level is around 3360, 3330, and 3300. If it falls below 3330, it may trigger a small-scale correction.
In general, the market has an obvious upward trend today, but investors still need to remain vigilant, pay attention to changes in key points, reasonably control risks, and seize investment opportunities#热们话题 #大盘走势
