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April 7th Bitcoin and Altcoin Market Analysis & Trading Suggestions
Analysis
Bitcoin and altcoins are moving higher together with increased volume, indicating a clear bullish trend. Bitcoin has stabilized above the 69,000 level, with resistance at 70,000. A breakout could push it toward the 71,000-72,000 range, with strong support at 68,500-68,000. Altcoins are rising in tandem, outperforming the broader market, holding steady at the 2,100 level, with resistance at 2,180-2,200 and support at 2,080-2,050. The overall strategy is to buy on dips and follow the upward momentum, avoiding chasing highs blindly.
Trading Suggestions
Buy on dips at 68,500-68,800 for Bitcoin, targeting 70,000-71,000;
Buy on dips at 2,080-2,100 for Altcoins, targeting 2,180-2,200.