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4.14 Bitcoin and Altcoin Analysis and Trading Recommendations
BTC currently holds steady above the 72,000 level, with the bullish trend continuing but momentum showing signs of divergence. In the short term, it remains in a high-level oscillation pattern, with core support moving up to the 71,000-70,500 range. Resistance is seen at the 73,000 key level; ETH moves in tandem with BTC, with effective support at the 2,200 level. Its upward pace is weaker than Bitcoin’s, with core support at 2,180-2,150 and resistance at 2,250-2,300. Tomorrow, the overall outlook continues to favor oscillation with a slight bullish bias, mainly buying on dips, avoiding chasing highs, and strictly controlling position sizes.
Trading Recommendations
BTC (Bitcoin)
Buy in stages on dips around 71,000-70,500, targeting 72,000-72,800, with a stop loss at 69,500.
ETH (Altcoin)
Buy in stages on dips around 2,180-2,150, targeting 2,230-2,260, with a stop loss at 2,110.