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Today's market continues the morning's stop-loss repair rhythm, and has now fluctuated back up to above 101200, completing a round of low-level repair trend in stages. Ether is developing in sync; overall, after yesterday's deep adjustment released short positions sentiment, the short-term market data has entered a repair and oscillation consolidation rhythm, the market rhythm has slowed down, and market sentiment has slightly warmed up. The shorting strategy in the morning, after the price rebound to the entry range, has been effectively laid out in line with the trend, with BTC entering at 101433 and waiting to exit at 108565, locking in profits.
From the current trend, on the hourly chart, the current price comparison shows a small but strong continuity in the entity, reflecting that short-term buying support is still present. The lower shadow is gradually rising, indicating that the market has initially formed a stage bottom support. The current K-line is testing the previous high, briefly stabilizing above the middle track. If the subsequent closing is stable, there is hope for further impact on the previous high in the 102900-103000 area. However, there is still significant selling pressure above, with the middle track and the area around 103300 forming a short-term bullish-bearish boundary, which has not yet been effectively broken, and is still regarded as a range oscillation repair market. In the short term, a rebound can be expected.
BTC 100400-100800 long, looking at around 102700; Ether around 2220 long, looking at around 2280 #BTC #ETH