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April 8th BTC Market Analysis
Bitcoin's outlook yesterday was that as long as it doesn't break 68,300, it will continue to rebound. After yesterday's pullback, a large bullish candle directly pushed the price up to our identified resistance level.
Currently, the trend remains within this range, with the weekly chart also aligning with our expectation that this level will soon consolidate to form a golden cross. The upward potential from this position is still limited, likely around 75,000.
The intraday trend will continue to be mainly sideways to upward. The key support levels to watch below are at 69,900. As long as the price does not break below 69,900 today, there is still room for upward movement. Therefore, this is a good opportunity to accumulate positions at these lower levels. If you haven't entered the market yet, keep an eye on the support around 69,900.
Support: 69,900 - 68,400
Resistance: 72,800 - 74,600