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BTC Market Analysis:
BTC experienced a strong recovery and rebound in the previous trading day, testing a target of 102000. After a rapid sell-off, the lowest test was around 96000. Currently, the market has entered a large convergence structure at the four hour level, and the slope has turned bearish again. During the trading day, the focus is on the effectiveness of the support line at 96000. If it falls below, there is a possibility of further testing the lower edge of the range around 92000. For bulls, it is advisable to enter the market cautiously without giving a signal and confirming the bottom score!
ETH Market Analysis:
ETH's daily chart shows a large bearish signal, but the market has not yet been repaired. The bearish signal is strong and has not been tested for the signal. The key support price ranges below the hourly level are 3340-3360 and 3300-3310. During the trading day, it is important to focus on whether the above ranges can be effectively supported. Before confirming the resonance bullish signal, bulls can only go short and long to prevent further bearish acceleration!
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