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4.8 Afternoon BTC/ETH Market Outlook and Trading Suggestions
Market Analysis
Bitcoin (BTC) has stabilized above the 70k level, currently quoted at 71,301.48, with a 24-hour increase of 3.71%. Trading volume is healthy, and the bullish trend is clear. The upper target ranges from 73,000 to 74,000, with strong support between 70,000 and 71,000. Ethereum (ETH) is leading the rally, outperforming Bitcoin, with a quote of 2,234.16, up 6.01%. There is ample room for upward movement, with resistance at 2,300-2,350 and strong support at 2,150-2,200. Both coins are strengthening simultaneously, opening up space for further gains.
Trading Suggestions
• Bitcoin (BTC): Buy on dips around 71,000-71,500, targeting 73,000-73,500
• Ethereum (ETH): Buy on dips around 2,200-2,230, targeting 2,300-2,330