When the price of the currency rose again, it fell back and failed to break through the upper pressure level. At the moment, Bitcoin (Flatbread) has pulled back to around 84000 and entered a consolidation phase. Therefore, it is not advisable to be too aggressive in short-term operation. On weekends, investors can grab a market entry point and maintain a range-bound strategy to deal with it. From a daily point of view, the price of the currency showed an uptrend after hitting the bottom, and met resistance when it bounced to the upper track and then turned into a shock pattern. At the moment, the price of the currency is consolidating near the previous pressure level, and the KDJ indicator is in an upward direction, which indicates that the growth has not been exhausted, and the strategy of opening lows and highs can still be adopted. On the 4-hour timeframe, the overall trend is still in a range. Since yesterday's high was locked, the market has been caught in a volatile situation of long and short games, and the lower support level is difficult to break through in the short term. With this in mind, investors can only wait for the weekend to end and then adjust their strategies according to market signals.


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Bitcoin and Ethereum are moving in a similar direction, and both are in a volatile position at the four-hour level. However, Ethereum completed the consolidation at the one-hour level. An important defensive support below Ethereum is at 1900, and as long as the closing price of the four-hour level is not below this level, the market is likely to continue its rally. The upper pressure target level is initially focused on 1960, and after overcoming it, it will focus on 2030. If both levels are successfully breached, the upside is expected to expand to the 2120-2200 range. Overall, 1900 is an extremely critical support level. Investors holding long positions should pay close attention, and if the four-hour closing line falls below 1900, it is recommended to close the position manually. After that, the market is expected to continue its restless trend with support in the 1860 – 1830 range.
BTC0,12%
ETH0,17%
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