April 11 Trend Analysis: Bitcoin’s rally isn’t over yet—can this push break through 80,000?



BTC monthly line closing is bullish. After pulling back, it continues stretching higher. The weekly closing forms a bullish engulfing pattern, and after the pullback it keeps pressing up against the resistance level around 73,000. A double bottom has not been formed yet. The daily chart has held above the midline, and the MACD golden cross has succeeded with a clear increase in volume. Therefore, with the midline holding steady, the upward push continues. After breaking 73,000, the target is expected to be around 80,000.

ETH monthly line closing is bullish. The weekly closing is a bullish engulfing pattern, and a golden cross is imminent. Currently, it’s being suppressed around 2,300. After breaking out, it could reach 2,500. The four-hour double top may trigger a pullback; as long as 2,150 holds, it can continue to push higher.

Trading Suggestions:
BTC 71,500-72,000 long, target 73,500 - 75,000; defense 71,000

ETH 2,170-2,210 long, target 2,350 - 2,500; defense 2,130
BTC1.61%
ETH2.54%
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