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Friday, 1.2 BTC/ETH Silk Sharing
The four-hour trend aligns with expectations. After reaching the pressure zone around 89,000, a short-term correction occurred. Currently, the price remains stable above the upward trend line. During the pullback, trading volume continues to shrink, indicating limited selling pressure. The market dominance still lies with the bulls.
After MACD formed a golden cross above the zero line, the green bars gradually shortened and are about to turn red, showing that upward momentum is still accumulating. Simultaneously, KDJ is moving upward, in the 50–70 strong zone, not yet in overbought territory. There is still room for further rise, and the short-term trend is expected to continue upward.
Bitcoin (BTC) in the 88,400–87,900 range is set for a buy order, targeting around 90,700.
Ethereum (ETH) in the 2,970–2,990 range is set for a buy order, targeting around 3,130.
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