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4.14 Bitcoin + Altcoin Review
The morning market plummeted due to Middle East conflict impacts, then the situation eased, and risk appetite rebounded. Bitcoin and Ethereum surged violently together, forming a deep V-shaped reversal.
Bitcoin: Lowest 70,600, highest 74,800, nearly 5% rebound intraday, stabilized above 73,000, with significant resistance at 75,000. Selling pressure before tax reporting has basically been released, and bulls have returned actively.
Ethereum: More vigorous rebound, surged over 8% intraday, peaked at 2,395 approaching 2,400, then slightly retreated at the close. Solid support at 2,300, good volume, and clearly stronger elasticity than Bitcoin.
Evening:
Bitcoin around 74,750 (Bitcoin) and 2,400 (Altcoin) mainly for high-altitude trading
Pullback to 73,400 (Bitcoin) and 2,330 (Altcoin) to stabilize with light positions for short-term longs
Funds are cautious before tax deadline, quick in and out with light positions $BTC
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