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BTC Market Analysis:
After a round of decline, BTC's price stopped falling at the bottom of the lowest test range of 90000 to 92000 and began to recover. At the hourly level, it belongs to the retracement B structure of the breaking ABC structure. The current recovery and testing are aimed at both the rebound recovery test of the decline amplitude and the testing and confirmation of the sky chart and above signals. Before the price returns to the long short boundary for structural confirmation, it still tends to adjust and test the key price below. During the European session, BTC adjusted within the small range of 97200-99000. The testing and repair of signals are not yet over!
ETH Market Analysis:
The current price level of ETH is hovering around the neck line for testing. Overall, the price is aimed at repairing after the previous round of decline. The double neck line coincides with the price range, supporting the resistance swap stage. It is also an important battle for the long short boundary. Whether it can break through the neck line and return to the long position again within the day, giving structural resonance, determines whether it will continue to accelerate like a long position C or continue to return and retrace the B structure. The key price ranges are 3420-3440, 3550, and 3600-3610, respectively!
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