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Analysis of Bitcoin and Ethereum market on April 14: What to watch for BTC and ETH today

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Market Review

Yesterday, BTC slightly pulled back, with a healthy trend, standing firm above 83,000 is a good signal. Intraday expectation is for oscillation and consolidation, patiently waiting to stabilize at 83,000 before taking action. The larger cycle needs adjustment, waiting for confidence to recover

Altcoins followed BTC with a slight adjustment, maintaining consolidation, with a trend expected to return to health. Intraday expectation is continued consolidation, with a sluggish market, patiently waiting for stabilization

Altcoins followed the mainstream with a mild increase, with limited magnitude. Patiently waiting for mainstream stabilization before taking action, focusing on the primary market. BSC chain activity has increased, consider following BSC ecosystem tokens. SOL chain activity has somewhat recovered, pay more attention to MEME tokens. For existing holdings, patiently wait for market recovery

Today's Focus:

BTC 1-hour and 4-hour levels return to healthy levels, daily level below healthy levels. Intraday expectation is for horizontal consolidation, with support at 83,000-83,500 and resistance at 86,000-86,500

ETH 1-hour and 4-hour levels return to healthy levels, daily level below healthy levels. Intraday expectation is for horizontal consolidation, with support at 1,520-1,570 and resistance at 1,670-1,720

Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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