Friday morning BTC/ETH Silk Share on April 10th



Based on the current market situation, the daily chart shows three consecutive small bullish candles with long upper shadows, and the price remains near the upper band of the Bollinger Bands, but there is obvious selling pressure at high levels, and the bulls have not been able to continue the recovery; at the same time, the KDJ lines are converging at high levels, indicating that a short-term correction phase is imminent. Combining the four-hour chart observation, after frequent upper shadow candles following a breakdown at high levels, the price repeatedly faces resistance around 72,000, showing a correction structure, and the relative strength index (RSI) has fallen again after rebounding to the key trend line. In summary, the intraday trading strategy should shift from bullish to bearish, focusing on shorting at high points and expecting a pullback.

Trading suggestions:
Bitcoin (BTC) in the 72,000-72,600 range for shorting, target 69,700
Ethereum (ETH) in the 2,210-2,230 range for shorting, target 2,090
$BTC $ETH $SOL #加密市场小幅下跌 #原油小幅上涨 #美伊停火协议谈判再生变故 #Gate广场四月发帖挑战
BTC2,2%
ETH1,13%
SOL1,78%
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