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4.6 Afternoon Bitcoin and Altcoin Analysis
BTC broke through the 69,000 resistance level with increased volume, gaining over 3% intraday. The bullish momentum continues to release, and market sentiment is fully recovering. The current price has stabilized above a key resistance level, with an obvious short-term upward trend. The next target is the 70,000 mark, and mid-term there is potential to challenge new all-time highs. ETH is also strengthening, rising over 3.84%, leading the mainstream coins. It is moving in tandem with Bitcoin’s strong push, successfully breaking through the 2100 level. The subsequent trend may continue to catch up, opening more upside space. Overall, the market is dominated by bulls, with a clear trending pattern. Going with the trend is the key.
Trading Suggestions
BTC: Buy in stages on dips around 68,500-68,800, targeting 70,000. If broken, hold for 71,000-72,000.
ETH: Buy in stages on dips around 2,100-2,120, targeting 2,200. If broken, hold for 2,250-2,300.