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Notification
Bitcoin and Ethereum are still very in sync.
After midnight yesterday, Bitcoin and Ethereum both experienced a sharp drop.
From the 4-hour chart, both Bitcoin and Ethereum simultaneously tested the ma120 support level.
Yesterday, we mentioned that currently the monthly, weekly, and daily charts are all bullish.
Therefore, after the pullback on the 4-hour chart, there was a confirmation of support at a smaller time frame.
The support at the 4-hour ma120, the daily ma20, and the weekly support all overlap here.
So, the support strength is quite strong. It is likely to trigger a cycle resonance, leading to a strong rebound and rally.
The other indicators on the 4-hour and daily charts also favor a bullish trend.
The US stock market was closed yesterday. It opens today, and the market is expected to move within the next few days.
Today is a good entry point.
Shenzi Chen Village Committee Party Branch