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Analysis of the Market on April 7
In the early hours, BTC tested 68,300 twice without breaking below, establishing this level as effective support. The rebound has now begun, and the trend is fully in line with expectations.
The overall direction remains unchanged: primarily ranging with wide fluctuations.
Pay close attention to whether the daily closing can stay above the EMA30 trendline and whether the 69,900 level can be broken and stabilized; if successful, the next target will be the 71,600-74,600 range.
The four-hour bullish momentum has not been exhausted, and there is still room for upward movement.
As long as it does not fall below 68,300 during the day, the rebound trend will continue.
Support levels: 68,300-67,000
Resistance levels: 69,900-71,600