Bitcoin has pulled back to the support level of 76000 for the second time. I expect a total of three pullbacks to 76000, and the second time may see a long wick candle down to 73500, then the third time will still pull back around 77000 to form a triple bottom or an inverse head and shoulders pattern. The reversal is expected in June after the interest rate cut. Today, we will observe whether it can continue to break below this level, especially considering whether the U.S. stock market, which has recently been affected by tariffs, will drop another 5%. Ethereum has also reached the previously mentioned level around 1550; here we will observe the rebound strength. If it breaks below again, we will look to buy the dip in the 1100 area.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
10 Likes
Reward
10
5
Repost
Share
Comment
0/400
JunAn68
· 04-07 00:22
Steadfast HODL💎
View OriginalReply0
Myanuo
· 04-07 00:12
Odaily News According to Yu Jin's analysis, as the market fell, a whale's total of 67,500 ETH (approximately 10.5 million USD) loan position was completely liquidated when ETH dropped to around 1650 USD, further exacerbating the downward pressure on ETH prices. It is reported that the whale added 2,160 ETH as collateral to drop the liquidation line at around 1 AM, but ultimately was still liquidated around 6 AM, repaying its 74.4 million USD DAI loan.
View OriginalReply0
ZhouXin
· 04-06 23:58
Yesterday afternoon I saw you say there would be a Rebound above 84000, so I thought I'd take a short long position, but ended up trapped [流泪].
Bitcoin has pulled back to the support level of 76000 for the second time. I expect a total of three pullbacks to 76000, and the second time may see a long wick candle down to 73500, then the third time will still pull back around 77000 to form a triple bottom or an inverse head and shoulders pattern. The reversal is expected in June after the interest rate cut. Today, we will observe whether it can continue to break below this level, especially considering whether the U.S. stock market, which has recently been affected by tariffs, will drop another 5%. Ethereum has also reached the previously mentioned level around 1550; here we will observe the rebound strength. If it breaks below again, we will look to buy the dip in the 1100 area.