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Review of the market on April 8
The overall market is in a difficult situation during the adjustment process, especially the recent market situation. When the overall market rebounded, there was no major movement in the second-billion-dollar coin and the copycat coin, which led to a bad mentality among everyone in the current market environment. Once the coins they hold do not rise, they will have all kinds of thoughts, wondering if they bought a piece of junk. They will choose other coins in various ways or change their positions directly. As far as I understand, this is wrong, especially in the current market environment, they should hold on to the coins that have not risen much and wait for the overall take-off. The big cake is trying the resistance position of the 70,000-72,000 range, while the second-billion-dollar coin is in a very weak stage. As long as the second-billion-dollar coin tries to break through a higher point, the large-scale market will rise. Now is to stick to your original idea, don't be bullish and bearish at the same time. If you have already left, don't enter the market, and enter again when there is a big drop. If you hold a full position and believe that this round of market will continue to rise, and if the copycat coin explodes, just hold it with your eyes closed, and don't leave no matter who advises you.
Today's highlights
The BTC price hit 70,000 points in the early morning, but the volume was not very strong, and it did not directly break through the previous high of 72,000 points, which is the current resistance position. According to the current trend, 72,000 is now a key point, and the support point below remains unchanged. We should pay attention to the support point of 67,000-67,500. This position will rebound if it is inserted or pulled back. Only by breaking through and standing firm at 72,000 points can we open up a larger space value.
The trend of ETH two cakes today looks normal, but it is also about to reach a critical point in the current trend. This limit must be broken through and stabilized at 3800 points to open up the space above. The current support point can focus on the 3360-3400 range at the intraday level. The effective support point is around 3320. The first line above must break through the 3480-3520 range. After stabilizing this range, we will see the 3600-3800 range. The key point is at the 3800 point line. Only after this position is broken through and stabilized can the space above be opened.