2026-04-09 12:17:00

4.9 Evening Market Analysis$BTC $ETH

Bitcoin surged to 72,858 yesterday but faced strong resistance and pulled back, with bears concentrating their efforts, quickly dropping to around 70,428. The bearish momentum has been fully released. Currently, the price is stabilizing around 70,500, and market sentiment is gradually warming up, with selling pressure noticeably weakening.

From the market perspective, this round of high-level retracement exceeded 2,400 points, entering an oversold zone in the short term. The 70,400-70,500 range forms a strong support zone, and the technical rebound demand continues to increase. After a pullback and stabilization, bulls are expected to launch another attack.

Trading Suggestions

Gradually build long positions in batches between 70,500 and 70,900, targeting around 72,000-73,000. Strictly maintain stop-loss levels, avoid holding large positions, and steadily capture rebound profits.

BTC0.72%

ETH-0.09%

View Original

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.