Bitcoin is trading within the $126,173.6-$59,909 range, with the first strong resistance level remaining at $75,500, a level previously tested in mid-to-late March. Within the $97,900-$59,909 range, the current price is fluctuating between 0.236 and 0.382. Although the weekly chart shows a large bullish candlestick, a pullback is still needed if the price cannot stabilize above this level. Furthermore, indicators across multiple timeframes are showing severely overbought conditions, necessitating a correction. At this critical juncture, shorting offers better returns than going long, with a small stop-loss order in place. The weekend brings the highest level of uncertainty, as the US-Iran situation could change at any time. Trading is inherently about maximizing the margin for error. Don't be discouraged by mistakes, and don't be arrogant when you're right. Conduct objective analysis, and let the market decide the rest. Ethereum's strategy is similar. If Ethereum cannot stabilize above $2270-$2300 over the weekend and on Monday, then this pullback will likely recur. As previously discussed, this period of fluctuation is formed by multiple complex upward and downward waves, without a strong one-sided trend. A true one-sided trend is triggered at the weekly level, and the current weekly level is still in bearish territory. This recovery phase will take a long time to recover. Bitcoin's resistance levels to watch: 74000-74500; support levels to watch: 70500-69800-68000-66000; Ethereum's resistance levels to watch: 2270-2300; support levels to watch: 2140-2070-1993-1887. Trading suggestions: 1. Short Bitcoin at 73000-73500, target 68000-66000; 2. Short Ethereum at 2270-2300, target 2070-2000.
What Trump actually wants isn't war! It's... Bitcoin and Ethereum face a turning point next week; market analysis and trading suggestions!
2026-04-11 09:59:51
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