#BTC #ETH Has a large-scale breakthrough begun?
Orca Market Data Report on April 7: On-chain data shows that the strength of the tray has steadily increased, the selling pressure has further decreased, and the market sentiment is more boosted than yesterday. The inflow of ETFs is also getting stronger step by step.
Bitcoin and Ethereum have already balanced the long and short forces in terms of sentiment. The next question is when to exert force to pull up. In the case of preventing the occurrence of black swans, the rise is expected, and Ethereum still has the pressure of a pullback in two weeks.
BTC ETH contract holdings have bottomed out, and the bullish situation has been formed. The lending rate and funding rate have not yet risen. This is a very good accumulation of momentum before the outbreak.
Short-term support level 68747,
Short-term pressure level 70941
Medium-term support level 65822, 62896
Medium-term pressure level 73135
The above information is for reference only and is not an investment advice.
