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$ETH $BTC
🚀 April 11 Market: Bulls make a desperate counterattack, is a breakout imminent?
The market is currently in an extremely delicate "spiral buildup" stage. With favorable CPI data (below expectations) and a warming geopolitical situation, BTC has successfully reclaimed the key position of $73,000. Is this a false breakout attracting buy-ins, or the start of a main upward wave? Let's get straight to the essentials.
BTC target directly aiming for $85,000?
BTC is currently trading sideways near $73,000, with bulls and bears repeatedly tugging at the 50-day moving average.
• Technical analysis: The price has broken through the previous consolidation zone top, and the MACD shows signs of a second golden cross above the zero line. The current $73,000-$74,500 zone is both a previous resistance area and now a "bull fortress."
• Support and resistance:
Strong resistance level: $74,500 (0.382 Fibonacci level); once stabilized, the next target is directly $85,000.
Strong support level: $68,700 - $70,000; if the pullback does not break below, this is the best "entry point" this month.
Trading suggestion: As long as the daily close does not fall below $71,000, maintain a bullish bias. After breaking $74,600, consider chasing longs.
ETH analysis: When will the rebound arrive?
Compared to Bitcoin's strength, ETH currently appears somewhat "conservative," hovering around $2,180 testing support.
• Technical analysis: ETH is tightly hugging the $2,142 (0.236 Fibonacci level) fluctuation, which is the "last line of defense" for bulls. ETH/BTC exchange rate is currently in a historic low zone, indicating Ethereum's breakout could happen in an instant.
• Support and resistance:
Strong resistance level: $2,350; breaking this opens space toward $2,600.
Strong support level: $2,142; if volume drops and breaks below, beware of the risk of falling toward $1,900.
• Trading suggestion: The exchange rate traders can start to focus on arbitrage opportunities of "selling BTC, buying ETH." Conservative traders should wait until ETH surpasses $2,250 to confirm a reversal before entering.
💡 Core viewpoint summary
1️⃣ Sentiment: The market is rapidly shifting from "extreme fear" to "greed," and the soft landing of CPI has boosted institutional confidence.
2️⃣ Key focus: Watch the critical line at $74,503. If it holds, the bull market enters the second half; if it drops, expect further consolidation.
3️⃣ Risk warning: The discussion in the Senate on the "CLARITY Act" on April 13 may cause short-term volatility. Pay attention to position risk management!