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2024.1.7 9:35 am BTC/ETH market analysis
Yesterday continued the upward trend of Friday, and many nostrils rebounded, but they all fell back in the early morning. Except for BTC/ETH, most of them fell back to the starting point of the rise. This market is very grinding, which makes people very unbearable! However, it is undeniable that compared with a week ago, the lows have gradually been raised. This tight climb and slow catch-up is the prelude to the outbreak of accumulated strength. Now, we just need a spark to ignite it!
BTC focus
Support 98150/95300
No pressure
ETH Focus
Support 3605/3525
No pressure
At the moment, the key resistance level for BTC is around 103300. If it breaks through, it will move towards the previous high. Pay close attention. The key resistance level for ETH is around 3725. If it breaks through, the next target will be around 3900. Therefore, whether the breakthrough trend can continue is crucial for the subsequent market.
Today's mindset is still mainly focused on buying on dips before the evening, and we can observe the strength of long and short positions when the market heats up in the evening!
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