4.10 Evening



On the hourly chart, Bitcoin surged to 73,140 before falling back below the Bollinger middle band, entering a short-term downtrend; the current weak rebound is resisted at the upper band of 72,400, with insufficient rebound momentum, typical of a downward correction in a downtrend.

Tonight's US CPI data is expected to be high, with persistent inflationary pressure continuing to suppress the Federal Reserve's rate cut expectations, and a strong dollar clearly bearish for the cryptocurrency price.

Tonight's Trading Strategy

Bitcoin: Gradually short around the rebound area of 72,600-73,200, targeting 70,500-71,000, strictly set stop-losses, focus on steady profits.

Altcoin: Rebound around 2,230-2,260, with a range of 👀 2,190-2,160 $BTC $ETH #Gate上线Pre-IPOs
BTC2,13%
ETH2,45%
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