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Don't remind me again today

The crypto world is not a get-rich-quick gamble, but a practice that transcends cycles. The rise and fall of the Candlestick's red and green are merely the market's breathing, just like the sea waves that eventually recede and rise again; short-term fluctuations can never trap those who understand the trend. On Saturday, the market first suppressed and then rose, staging a "strong rebound after plummet": Bitcoin dipped to a low of 93955 in early trading, then quickly rebounded, reaching a high of 96439, after which it entered a narrow range of fluctuations; Ethereum moved in sync, oscillating upwards after a pullback to a low of 3088, and climbed to a high of 3192, subsequently also falling into a narrow consolidation.


The current market continues to show a fluctuating pattern, with both bulls and bears repeatedly battling each other, and the short-term trend has yet to form a clear direction. From an hourly perspective, Bitcoin's market is operating in the upper area of the Bollinger Bands, with the Candlestick repeatedly testing the middle band but showing clearly insufficient upward momentum. However, there have been continuous appearances of long lower shadows, indicating that the short-term rebound momentum is still persisting. In comparison, the Ether trend is stronger, with its hourly line constantly pushing towards the upper band of the Bollinger Bands, and bullish momentum gradually accumulating, enhancing the short-term rebound trend. Considering the inter-market effects, Bitcoin is likely to experience a certain degree of rise subsequently. Therefore, the recommendation for operations in the early morning is to mainly look for bullish opportunities in line with the trend, and to seize the opportunity based on the short-term rebound trend.

Follow the trend of the industry: Changsheng looks at the trend

Operation Suggestions:
Bitcoin is around 95000, targeting 98000.
Ethereum around 3100, target is set to 3300$BTC $ETH
BTC-0.78%
ETH-0.18%
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