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The midday market is fluctuating and consolidating, with a slow recovery pace. Bitcoin surged to around 75,200 before facing resistance and pulling back. Ethereum retreated slightly around 2,410. The overall trend remains relatively strong.
Focus on the market's recovery strength; if it fails to push higher, consider shorting. If it dips and stabilizes, go long at low levels, aiming for a second upward move.
One-hour interval is contracting, with the channel narrowing. In the short term, stabilization and rebound are expected. Bullish volume is sufficient, moving averages are trending upwa
BTC1,64%
ETH3%
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In a high-level oscillation pattern, the lack of upward momentum among bulls has long been evident. Adhering to a strategy of mainly short positions and not going against the trend has perfectly aligned with the market rhythm. The market will never disappoint clear logic and firm execution, and profits are realized as expected.
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Bitcoin surged in the afternoon but faced resistance and pulled back. Short-term bullish momentum is insufficient, and selling pressure at high levels continues to increase. Currently quoted at 71,680, with limited room for a rebound. Do not blindly chase longs!
The overall strategy remains focused on selling high and buying low. Strong resistance above 72,000 is effective, and rebounds are opportunities to establish short positions.
Trading suggestions:
Bitcoin: Sell in batches at 71,800-72,300 on the rally, add to short positions if it breaks above 72,500. Target 70,300-69,800, with a furthe
BTC1,64%
ETH3%
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