Bitcoin Ethereum Afternoon Discussion



Recently, Bitcoin has clearly experienced a "narrow range fluctuation market." Even with the drive from news events, it still hasn't led to a one-sided breakthrough, and Bitcoin continues to oscillate back and forth within the 110,000-113,500 range.

Individuals still firmly believe that Bitcoin and Ether have experienced significant increases in the early stages, completing the upward structure of a weekly wave according to the theory of waves. Currently, it is in a downward trend of a weekly wave. Previously, Bitcoin retraced and dropped to around the 107000 mark, and it has not fully completed the structural adjustment.

It is believed that Bitcoin must approach the 103,000 level, and Ether must reach 3,800-4,000 to bottom out and welcome the next round of interest rate cut bull market!

Buy Bitcoin in the range of 110800-111300 with a target near 112500, and then short around 113000. All operations should be light, leaving a 1000-point margin for additional purchases.
BTC0.89%
ETH4.85%
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