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Such a beautiful week has passed in a flash. There's no need to say much about the market this week, as the continuous rise is the standard way to describe it. The continuous increase in long positions at the beginning of the week and the continuous new highs are very impressive, with basically no significant pullback, just a continuous pump. The gains this week are also very rich. Our main focus is still on BTC, with a total of 25698 points in the bag this week, and a total of 1060 points for the altcoins. The overall market rhythm is also well controlled. The highest point of the Node price comparison has risen to around 93400, and from the perspective of this week's pullback, there is still a possibility of breaking new highs next week, so bearish traders don't need to rush to go short. As for the overall gains, personally, I feel it is not important, after all, the focus has always been on keeping up with our frens in the long run. The mindset is to persist in sharing with our fans and frens every day. However, looking back at the market trends of the past week, the choice of mindset seems particularly important, and the grasp of the rhythm of entering and exiting the market is also the focus of recent times. Next week, Brother Chen will work hard with everyone to recover losses as soon as possible.
The BTC daily candlestick chart has entered a consolidation phase. The daily candlestick is currently under pressure below the high point of 93000. After all, the long positions surged at the beginning of the week, continuously hitting new highs and closing strong at high levels. The end of the week saw a correction and oscillation in the daily candlestick chart, with alternating bullish and bearish movements. The support near 86000 has been repeatedly tested and followed. The time and magnitude of the daily candlestick structure are relatively long and large. To break out of a one-sided trend, we need to pay attention to the gains and losses around the key level of 90000, while the resistance is at 93000. Looking at the 4-hour chart, the price range is still oscillating around the MA7 indicator without significant breakthroughs. Overall, the market is still in a consolidation phase, but there haven't been many pullbacks on the larger time frame. Therefore, we maintain a bullish view and continue to follow the current trend.
BTC can be around 90000-90500, with a target near 92000. ETH can be around 3060-3090, with a target near 3200. #BTC #ETH
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