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Looking at Ethereum on the four-hour chart, the coin price has undergone continuous sideways consolidation, currently closing with a bearish belt hold and falling again below the middle band. The KDJ three lines have formed a death cross and are rapidly diverging downwards. The MACD long positions are continuously weakening with higher trade volumes. After the weekend's persistent pump, short positions have gradually taken the dominant position, so the market this week may initiate a significant rebound. In the short-term hourly chart, the coin price has quickly dropped below the lower band wi
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From the four-hour level structure, the price of Bitcoin has recently shown a significant weak oscillation pattern. On the technical side, the price first experienced a small pullback, and then gradually moved away from the middle track of the Bollinger Bands, with the overall operating range consequently shifting downward. Currently, the trend of the Bollinger Bands is significantly narrowing, and the opening direction is most likely to continue downward, indicating that the subsequent volatility may further contract, but the directional choice is approaching a critical point.
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This week's market has also come to an end. The overall market initially experienced a slight rise, reaching the 113429 level before stopping and retracing. The subsequent market has been primarily dominated by short positions. Overall, the market has retraced to a weekly starting point. After two days of fluctuations over the weekend, the market is still operating around low levels. Regarding Ethereum, after an unsuccessful attempt to break the 5000 mark early Monday morning, the overall market showed fluctuations and retracement, with a minimum reaching the low point of 4254. Although the ma
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The market on Saturday has also come to a close, just as we expected, with the overall trend mainly fluctuating around the bottom. In midday, after the Bitcoin price pulled back to a low of 107281, it rebounded, reaching a daily high of 108879. The range has not been broken yet. The Ethereum trend is slightly stronger. After a slight rise in price, it has given way to a pullback, touching a low of 4254 again, which led to an upward movement. Our precise bullish outlook provided in advance was once again easily grasped.
The current market situation continues to alternate between bullish and bea
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The market on Wednesday is also about to end. Bitcoin started with a rise followed by a fall in the early morning, while the price of BTC surged strongly in the morning. After reaching the 112330 line, it faced pressure and retraced again. In the afternoon, the coin price dipped to a low of 110306. Our bearish outlook has also been validated. In the evening, the overall market once again surged to a high but did not continue, instead retracing and consolidating. The intraday trend of Ethereum is much clearer compared to BTC. It has been gradually rising throughout the day.
The U.S. stock marke
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On Tuesday, the overall market also concluded its performance. During lunch, Bitcoin's price strongly tested the low line of 108559 before giving a slight rebound. In the evening, the overall market saw a slight increase and pump, but there was no continuation. On the contrary, after a quick rise, it rapidly returned with a bearish candle. Ethereum strongly retreated to the low line of 4310 in the morning, and during the day, the coin's price showed a gradual upward trend. During the day, our Bitcoin strongly gained 1506 points of space, while Ethereum's trend gained 60 points of space.
Observ
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Bitcoin has recently been trending around a downward oscillation. In the short term, the decline broke the previous short-term low of 111850, reaching around 111698. On Friday evening, influenced by Powell's speech, the overall market closed strong with a bullish candle. Bitcoin's price reached a high of 117397 but was met with resistance, with a volatility exceeding 5000 points. Ethereum also recently touched a low of around 4202, with the support at 4000 still intact. We also mentioned earlier that after a rise, we do not recommend chasing rising prices in the short cycle. Instead, we sugges
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The market on Friday is also about to come to an end. The price of Bitcoin has been mainly fluctuating throughout the day. In the evening, a strong bullish candle raised the price by nearly 5000 points. It reached a peak of 117266, facing resistance. Ether followed the trend of BTC, pulling back slightly in the afternoon before strongly rising again. In the evening, it reached a peak of 4749. Our bullish strategy provided during the day was easy to grasp.
From the 4-hour chart perspective, the overall market is strongly bullish. However, after reaching the previous resistance level, there is a
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Good morning, frens, on this new day. Looking back at the market trends in the early morning, Bitcoin stopped and was under pressure after retracing to the 112000 level, without providing any continuation action. It then had a slight rebound of a few hundred points. Ether continues to operate primarily in a downward oscillation, with a minimum touching the 4204 level.
Looking at the four-hour level first, after a slow decline with consecutive bearish candles, the price has turned bullish again. Although the rebound strength appears relatively slow at the moment, it is still a positive sign. Th
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Good morning everyone on this new day. Looking back at the overall market trend in the early morning, the price of Bitcoin fell continuously last night, reaching a low of 112301 before stopping the fall and rebounding. In the early morning, there were multiple upward movements, peaking at 114440. Ethereum saw a minimum drop to around 4104 last night before rebounding and rising, with a maximum recovery to around 4371 in the early morning, facing pressure. Unfortunately, the bearish outlook provided at midnight yesterday was unfortunately stopped out by the stop loss.
After the coin price dropp
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The market trends for Wednesday are about to wrap up. Bitcoin's intraday movements are still mainly focused on fluctuations, with a slight rise at midday peaking at the 114000 line before facing resistance. In the evening, with the opening of the US stock market, the price of Bitcoin further opened up downward space, reaching a low of 112357 so far. This aligns perfectly with the bearish targets we provided in the afternoon and evening. Ethereum showed significant fluctuations during the day, with a low retracement to the 4060 line at dawn, after which it primarily focused on repairing upward
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A new day brings new beginnings. Good morning, everyone. The market conditions in the early morning did not show much change, mainly revolving around fluctuations in a small cycle. Are we feeling frustrated again? Bitcoin's price reached a high of 116900 so far this morning, but the 117000 mark has not yet been broken. As for Ethereum, it showed a trend of shifting from small negative to small positive in the early morning, and the price has risen again to around 4380.
From the four-hour price perspective, the current market has fallen below the mid-track but has not shown signs of continuing
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The market on Monday has also come to an end, with the day's trend primarily characterized by fluctuations, only showing some improvement in the evening. During the day, Bitcoin's price basically remained in the range of 114500-116000, moving within a fluctuating range. In the evening, there was a brief small rise that did not continue, ultimately stopping at 116350. The trend of Ethereum is still quite clear. After a minimum pullback to around 4225 in the afternoon, it rebounded by more than 100 points. It touched the resistance at around 4370. Currently, it has pulled back to around 4320. Ov
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A new week has also begun, today is the first day of the week. After a slight rise in Bitcoin last night, it has pulled back and consolidated, showing weak continuation. It is currently still hovering around 118000. Ether saw a slow rise yesterday afternoon, reaching a maximum of 4574 before facing pressure and stopping there. Currently, the price of Ether is around 4520.
The daily chart shows a low-close Doji candlestick, with a longer upper shadow. In the short term, it is experiencing wide fluctuations around a high level. When approaching the high, it encounters pressure at a high position
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What do you think, frens? As Lao Chen said, let's go for shorting. Black Friday has arrived as expected, and the price of Bitcoin has once again fallen below 117000. The market on Friday has also come to an end. Let's review the market trend throughout Friday. After a strong downward movement earlier, the price of Bitcoin came to a halt in the early morning. It then showed a slight warming trend in the morning. Throughout the day, it mainly oscillated in a sideways manner. Ethereum formed a反v pattern during the day, having risen strongly in the morning but has now already fallen to the startin
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Thursday's market is about to end. Looking back at the overall market trend during the day, Bitcoin strongly surged to the 124545 line in the morning, once again refreshing its historical high. However, after reaching the high, it did not continue and basically operated around a downward trend in the afternoon. In the evening, it strongly broke downwards. The daily rise was nearly 7000 points. In the evening, it hit a low of 117410. Currently, the BTC price is still operating around the 118000 mark. Ethereum's trading hours on Thursday were relatively slow, basically oscillating back and forth
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In the early morning of August 14th, the price of Bitcoin surged strongly, once again reaching a new historical high, peaking at 124545 before facing resistance. After reaching a high of 122218 last night, the market experienced a pullback to find a bottom, followed by another surge. This round of increases did not show much continuation, as Lao Chen mentioned earlier, prolonged sideways movement must build up energy for a big move. Although we regrettably missed the rise in the early morning, we accurately seized the surge in the morning! Ether is showing a staircase-like upward trend. Curren
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On Wednesday, Bitcoin continued to operate in a high-level oscillation trend. The intraday range had more than a hundred points of fluctuation, which is not very large. There are plans for larger maneuvers. Regarding Ethereum, after refreshing the high level again at midday, it is currently experiencing a slight pullback. The shorting strategy we proposed in the morning for the high level was also undoubtedly successful!
From an overall structural perspective, the back-and-forth tug of war between bulls and bears is affecting countless people's hearts. After experiencing a period of volatility
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