April 10 Report
Yesterday's Market Review
In the early hours of yesterday, the suspension of tariffs by the U.S. encouraged the market, leading to a significant rebound in BTC and a strong recovery in U.S. stocks. However, the rebound period is not expected to last long, and market sentiment has not improved significantly. More positive stimuli are needed. A slight pullback is anticipated during the day, and patience is required to wait for stabilization before taking action. The larger cycle needs adjustment, and we await the restoration of confidence.
Altcoins followed BTC in a synchronous rebound, but the trend has not yet returned to a healthy state. A slight pullback is expected during the day due to sluggish market conditions. Patience is needed to wait for stabilization. Altcoins are rebounding in sync with the mainstream, with the extent of the pullback being relatively minor compared to the mainstream. Focus should be on the primary market.
Intraday Market Analysis
BTC has returned to healthy levels on the 1-hour and 4-hour charts, but the daily level remains below healthy levels. A slight pullback is anticipated during the day, with support at 79500-80000 and resistance at 83000-83500.
ETH has returned to healthy levels on the 1-hour and 4-hour charts, but the daily level remains below healthy levels. A slight pullback is anticipated during the day, with support at 1470-1520 and resistance at 1700-1750.
