April 10 Afternoon BTC/ETH Market Forecast and Analysis



BTC
- Technical: The chart shows an early rally to 73,128.0 followed by a quick pullback, currently oscillating around 71,878.5. The 1-hour MACD green bars have not continued to converge, and the RSI indicator is below 50, indicating insufficient bullish momentum for a rebound.
- Key Levels: - Strong Resistance: 73,000-73,500 (area of early rally pullback, also a high-volume trading zone).
- Strong Support: 71,500-71,000 (near the chart low of 71,539.9, a short-term bullish defense line).
- Afternoon Prediction: - If it can stabilize above 72,000 or test the 73,000 resistance, breaking through will be very difficult.
- If unable to break 73,000, it is likely to remain in a narrow range between 71,500 and 73,000.
- Evening focus on PPI data; if below expectations, the price may dip toward 71,000.

ETH
- Technical: Following the market rally to 2,246.04 and then pulling back, current price is 2,187.13. The 4-hour Bollinger Bands are opening downward, with the price running along the lower band, and the rebound lacks volume support.
- Key Levels: - Strong Resistance: 2,220-2,250 (area of early high concentration).
- Strong Support: 2,170-2,150.
- Afternoon Prediction: - Moving in tandem with BTC, the rebound space is limited, targeting only around 2,220.
- Under bearish dominance, if it breaks below 2,170 support, it may quickly drop to the 2,150 low.

Trading Strategy
- BTC: Lightly short near the 72,800-73,000 zone with a stop loss at 73,500, targeting 71,800-71,500.
- ETH: Lightly short near the 2,210-2,220 zone with a stop loss at 2,250, targeting 2,180-2,170.
- Risk Reminder: Afternoon geopolitical and macroeconomic data may still cause disturbances. It is recommended to control positions, strictly avoid chasing rallies, and set proper stop-loss protections.
BTC1.78%
ETH1.89%
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