April 9th BTC/ETH:



Trump reappears with a feint, will Bitcoin's selling pressure ease after overextension?

It must be said that Trump is really good at playing tricks. While agreeing to a temporary ceasefire with Iran, he added excluding Israel. Iran stated it might not rule out closing the Strait of Hormuz again. Federal Reserve spokesperson: Although Middle East tensions have temporarily eased, high and volatile energy prices are causing inflation concerns. The dovish rate cut expectations have cooled, and a rate hike is being considered!

BTC
On the short-term chart, a double top pattern has formed. Currently, the price has broken below the neckline of the double top. The candlestick shows a shooting star, indicating a bearish reversal. The rebound strength is weakening, suggesting sellers are continuously releasing selling pressure. Intraday support is around 7040. If this level is broken, the decline will accelerate. Consider a small long position here, mainly aiming for higher points.

Range-bound around 7150-7190, with support at 7290. If broken, look for a decline to 6920-6780.

ETH
Range-bound around 2223-2245, with support at 2278. If broken, target 2160, with further support at 2110-2063.

Short-term trading is flexible; defense depends on your actual position! $BTC #美伊停火协议谈判再生变故
BTC-0,19%
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