April 9th BTC/ETH Market Outlook and Trading Suggestions



Analysis

BTC surged with high volume yesterday, breaking above the 71,000 level, with a daily increase of 4.34%. Trading volume reached 54.42B, indicating strong bullish momentum. The short-term trend is clearly bullish. There is selling pressure around the 72,000-72,500 zone, while the 70,000-70,500 range serves as a key support. The overall trend is upward, with a short-term pullback needed, mainly using low buy-ins on dips. Caution is advised against chasing highs. ETH also strengthened simultaneously, rising 6.01%, outperforming BTC. With a volume of 27.8B, bullish strength exceeds that of BTC. After breaking the 2,200 level, resistance is seen at 2,250-2,300, while strong support lies at 2,150-2,180. ETH shows greater flexibility and potential for upward movement, mainly focusing on low buy-ins on dips.

Trading Suggestions

BTC: Buy on dips around 70,200-70,500 in batches, target 71,800-72,200
ETH: Buy on dips around 2,160-2,180 in batches, target 2,240-2,280
BTC4.51%
ETH6.12%
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