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10.28 BTC Ether latest ideas
Yesterday, BTC surged, reaching a peak of 116400 before encountering resistance and pressure. During the early hours, it experienced a rapid decline, and as of now, the price has retraced to the 113800 level for consolidation.
From the current market perspective, the four-hour chart shows a four consecutive bearish decline; however, this pullback should be defined as a technical correction under a bullish trend, rather than a signal of a trend reversal.
Although the market is gradually approaching the middle track of the Bollinger Bands, it is still operating within an upward channel, and the key support level has not been broken; at the same time, the three tracks of the Bollinger Bands maintain an upward slope, further confirming the stability of the bullish structure. Therefore, the overall market tone still leans towards bullish.
Buy BTC near 113300–113800, looking up to 116000, 118000
Buy Ether near 4050-4100, looking up to 4200, 4300
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