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"April 10 Market Analysis: Narrow Fluctuations Until Mid-Month Reversal, Waiting for the Trend!"
Yesterday, Bitcoin's price again spiked upward to attract liquidity for a pullback, with little change in the overall daily chart. It continues to stay within a narrow range. According to Ichimoku analysis, the reversal point is still expected around mid-month. Therefore, this week's task is simply to maintain within the narrow range. Whether bullish or bearish, you won't make much profit or loss. During this type of market, placing orders to catch liquidity with better cost-effectiveness, such as fake breakouts and false dips, is preferable.
$BTC In Bitcoin's market, the support level is at 71,000. Observe whether it will act as support again. If not, watch for a rebound at the previous low of 70,100 for liquidity. If it drops further, support is at 69,400-69,200.
$SOL In Solana's market, the 84.2 level remains a dividing line between bulls and bears. Support is at 80.7-80.2, and watch for a false breakout of the previous high at 88.
$ETH Ethereum has returned to the 2,160-2,200 range, moving sideways. Support is at 2,140, and further support is at 2,110. Resistance at 2,285 should be watched for potential spike and pullback.
#Gate上线Pre-IPOs In summary, Bitcoin's task for this week is basically complete. It will stay within a narrow range until mid-month when a trend reversal may occur. This week, focus on small fluctuations, conserve strength, and patiently wait.