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Market analysis and operational strategies
There are 10 days left in the countdown to the Bitcoin halving. Market sentiment is mixed at the moment. Bitcoin rebounded as high as around 72,900 in the early morning of the 8th, but yesterday there was another sharp pullback. The lowest fell to around 68,200 at 1 a.m. today, but soon a large amount of money quickly entered the market to hold up, and the current price is 68,500. There are two main factors behind Bitcoin's deep pullback again.
First, Bitcoin spot ETFs have seen net outflows again.
Second, the global market is watching the CPI data of the moldy country, which will be released at 8.30 tonight.
In addition, the minutes of the Fed's March meeting will be released in the early hours of Thursday morning, which will also affect the market's expectations for when to cut interest rates. However, judging from the fact that whales and institutions continue to increase their holdings of bitcoin, these factors do not seem to be enough to affect the pattern of bitcoin's upward pull.
At present, the daily level is yin and yang, but it has not fallen below the 20 moving average and the important support is 68,200 points, the 4-hour level is weak, but the rising trend line has not fallen below, the K-line has not fallen below the 60 moving average, the hourly level of the downward momentum has weakened, and the volume and price divergence is easy to rebound.
The current price of Ether is 3480, all moving averages at the daily level support the bottom, the bullish trend has not changed, the 4-hour level 60 moving average has not fallen below, and the important support level of 3450 has not fallen below, but the 4-hour level has not stopped falling, and the hourly level trend is weak and has not stopped falling.
Bitcoin
Support levels 68200-67500-66000-64500
The pressure level is 69500-70200-71500-73000
Ethereum
Support levels 3450-3350-3280-3200
The pressure level is 3550-3650-3730