April 10th Bitcoin Market Analysis


The medium-term trend is intact, with a bullish moving average alignment: MA7, MA25, and MA99 are still showing a bullish divergence with an upward spread. MA99 (2,167.39) serves as a strong medium-term support, and the price has not effectively broken below it. The medium-term upward trend is not yet over, and going long is a trend-following strategy with higher success rates.
Support levels are clear, and the pullback space is limited: the 2,150-2,170 range below (24-hour low + MA99 moving average) is a strong support zone. After a pullback, there is sufficient buying support, and multiple dips have not broken it, indicating the bullish foundation remains stable.
Trading suggestions:
First target 2,230-2,240 (reduce 50% of positions upon reaching), second target 2,270 (previous high, close all positions), after breakthrough, look for 2,300+$ETH
ETH3%
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