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Event ends: August 9, 16:00 UTC
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The Candlestick of the crypto market is a battlefield of greed and fear for millions of traders. In the intertwined red and green charts, during a big pump, greed howls, and during a big dump, panic spreads; every fluctuation reflects the collective psychology. True traders understand that the Candlestick is merely a trace of the market's breathing—breakthroughs are not necessarily celebrations, and big dumps are not necessarily the end. Some are anxiously staring at the five-minute line, while others remain calm with the yearly line as their gauge. After stabilizing around 118,000 in the evening, Bitcoin experienced a surge, peaking at 118,700, but the key pressure above remains around 119,500. Currently, the price has pulled back to around 118,500, still within a short-term strong range. If it can pull back without breaking the 118,000 support, it is expected to gather strength for another upward attack. If it can break through 119,500, it will further open up upward space, with targets looking towards the 121,000-122,000 area.
Ethereum is showing a compensatory rise, with a stable trend and no deep pullbacks, indicating strong market buying. Currently, after stabilizing above 3750, the next target is directly aimed at the 4000 round number. If it does not break the 3700-3750 range on a pullback, the bullish trend remains unchanged, and we can continue to be bullish.
Overall, market sentiment is bullish. If BTC can stabilize above 118,000 and ETH holds above 3750, there will still be upward space in the short term, and attention can be paid to the breakthrough of key resistance levels. #特朗普施压鲍威尔#