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A pullback is also for a better pump! fighting fighting!
Yesterday afternoon, Bitcoin surged to a high of 105800 but failed to stabilize, experiencing a pullback. It dipped to a low of 100688 at midnight before rebounding, currently consolidating around the price of 102700, with short-term fluctuations exceeding 5000 points. From an overall structural perspective, the coin price is still operating above the previous high points; this pullback is a correction in the rising trend, and the bullish dominance remains unchanged. In the evening, long positions hit stop-loss with small losses, complying with risk control strategies. Currently, Bitcoin is fluctuating at a low level. If the short-term support level holds, according to the "oscillating upward" theory, there is hope for a continuation of the rising trend. Overall, the trend structure still shows strong characteristics. Although there has been a case of a spike followed by a pullback in the short term, the drop has not formed a sustained downward movement. In the current market environment, we continue to focus on long positions as the main strategy, paying attention to the key support range of 100800-1015000. If the support holds, there is still upward space for the bulls.
Recently, Ethereum has made up for its strong gains, driven by long funds, and has continuously broken through the resistance level, still showing upward inertia after hitting $2,620, with a cumulative increase of more than 800 points in the past three days. However, yesterday's technical pullback closed in the negative, falling as low as $2,406 and now trading in a narrow range at $2,490. Technically, the daily Bollinger band opening, the yin line after the triple yang makes the price fall back below the upper band, according to the Dow theory, after a sharp rise, it is necessary to pull back to digest the profit-taking, and the initial target is to look at the Fibonacci 0.382 position (about $2400). The 12-hour K-line is negative for two consecutive years, and the TD series high is now green 9, if it effectively falls below the MA10 moving average and 3 consecutive K-lines close below, it may trigger a depth adjustment. Although the daily and weekly charts show a strong medium and long-term trend, the short-term KDJ and RSI diverge, the MACD red column shortens, the bulls weaken, and the pullback pressure is greater. It is recommended to grasp the opportunity of the pullback within the day, wait for the price to step back on the key support and stabilize, and then lay out long orders, and pay attention to the MA10 moving average, TD indicators and changes in volume and energy, and do a good job in risk control.