Market Analysis April 9
1.More than 7 Federal Reserve officials spoke this week.
2. CPI data will be released tomorrow night at 8:30.
3. The Fed released the minutes of its March monetary policy meeting.
The market has reached a crucial level of $BTC 73,100. If it can effectively break through this level, we could see it rise to around 75,000. Additionally, there's approximately 18 days until the halving. Historically, there's been a retracement before and after the halving, but it's uncertain if that pattern will repeat. It's essential to manage our positions accordingly. If the market pushes higher from this level, consider reducing some positions.
Currently, $ETH Ethereum is relatively low compared to Bitcoin. It's worth monitoring to see if it undergoes a rally. On the daily chart, it has just broken through resistance, with the next resistance around 4000. However, it's crucial to maintain awareness of the overall market situation.
