Technical analysis by CaterinaGoldTrading about Symbol BTC on 4/11/2024

On the daily chart (D), the price closed with a bullish candlestick and retraced to the 0.618 Fibonacci level, indicating strong support. The bullish view remains intact, with potential for further upward movement if the $68-69k support area holds. On the hourly chart (H1), there is a reversal pattern forming, suggesting a potential uptrend. Traders may wait for the price to retrace to around $69.5k for a buying opportunity. The next resistance levels to watch are $72.7k and $73.5k. Altcoins are showing weaker buying pressure compared to BTC due to BTC's dominance in the market. Traders may focus more on BTC trades, while considering quick scalping strategies for Altcoins.