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At the 4-hour level of Bitcoin, the price experienced a series of drops in the early hours of the morning and showed a strong insertion pattern, attempting to explore lower levels. Although the downward force was significant, the price did not form a stable consolidation at the low level and quickly rebounded to close positive. Currently, with the gradual decline of short positions, the market has maintained a high upward trend in the short term. At the hourly level, since the coin price completed the downward probing action, it hit the bottom and rebounded, starting to rise. Currently, the coin price has stabilized at 67000 and is also firmly on the upper middle track. From technical indicators, it can be seen that long positions can show an orderly increase in volume in the short term. Let's talk about Ethereum again. In recent days, ETH has kept up with the decline, with short sellers focusing on Ethereum and bullish sellers focusing on Bitcoin. Moreover, the trend of Ethereum is too weak, and it's a shame that it's just a name for two cakes. Relatively speaking, Ethereum should have risen by 3000 in this wave. The main idea is to retrace the low and try to find support to go long! How should the future market trend go? Follow tonight's live broadcast at 19:00! We will start live streaming to guide everyone on short-term activities and future directions!
Tencent Meeting ID: 798-958-3470
QQ group number: 252791266
Disclaimer: The above content only represents the author's personal opinion and is for communication and sharing purposes only. It does not represent AICoin's position or viewpoint and does not constitute any investment advice. Based on this investment, there may be external contacts, which have nothing to do with AICoin, and the consequences shall be borne by oneself.
