4.15 Morning Brief: Bitcoin and Ethereum both faced significant resistance levels and pulled back; the market can consider low-buying on the white chart.



Last night, BTC bulls surged with high volume, reaching the important resistance level of 76,000 but encountered resistance, then accelerated to retreat, with the lowest touch at 73,760;

ETH last night followed the rally, breaking through 2,400, reaching 2,416 before falling back, with the lowest touching around 2,300 overnight.

The three major U.S. stock indices closed higher, supported by positive news and institutional buying, with BTC and ETH both breaking new highs; meanwhile, neither U.S. stocks nor news showed any negative signals overnight;

However, BTC and ETH experienced significant sharp drops, with the crypto market showing independent movement, and technical indicators coming under pressure.

On a smaller timeframe, after this round of retreat from the 65,000 level, although there have been several dips, the overall trend remains in a sideways upward oscillation;

Support is at 73,700 to halt the decline, with a support level at 73,000; the 1-hour MA60, 2-hour MA30, and 4-hour midline are all around 72,500, forming a short-term bottom.

The daily chart shows a complete U-shaped pattern, and with the recent statement from the yellow-haired official saying “The U.S. war with Iran has ended,” which is a positive signal, risk assets may rebound again.

BTC suggestion: Go long around 74,500, add on dips at 74,000, target 75,500–76,000;

ETH suggestion: Go long around 2,330, add on dips at 2,300, target 2,370–2,400.
BTC-0,62%
ETH-2,08%
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