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Today's BTC & ETH market analysis
BTC: The current price is approximately $114,900, with a daily high of $116,900 and a low of $114,600. Overall, it is still in a high-level consolidation, with both bulls and bears in a tug-of-war.
ETH: Current price is approximately $4,237, with an intraday range of $4,205 – $4,385. The trend is highly correlated with BTC, also showing a sideways digestion pattern.
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Technical analysis observation
• BTC:
• The daily chart is converging, the Bollinger Bands are narrowing, and the price is repeatedly testing around the middle band.
• If the support at 114k holds, there is hope for a short-term challenge of the 117k–118k range;
• If it breaks down, it may test 112k–113k.
• ETH:
• Currently hovering above the support at $4,200, with insufficient volume and unclear direction.
• The upper resistance is in the range of 4,350-4,400, and only after breaking through can we expect to continue gaining momentum.
• If it falls below 4,200, it may test the 4,050-4,100 level.
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Operational thinking
• Conservative: Lightly position on dips, focusing on defense around BTC 114k and ETH 4.2k.
• Radicals: Wait for a breakout volume, and follow the trend after breaking through the upper range (BTC 117k / ETH 4.35k).
• Risk Control: During volatile periods, false breakouts are common; set stop losses strictly and avoid heavy positions.
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Summary
Currently, both BTC and ETH are fluctuating in a high range, and the trend resembles "large funds are gathering strength."
Support and resistance are clear, now we just wait for the breakout direction.
Don't forget, the market may seem quiet, but it's often a signal before the storm.