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Latest analysis of BTC/ETH on Friday, September 12.
From the current perspective, the trend yesterday continued to oscillate at a high level of 114000, with not much space for movement up and down. After the CPI data was released in the evening, there were spikes both ways, but no real breakthrough occurred. Currently, it can be understood as a short-term consolidation caused by a significant recent surge. Although the resistance above is strong, it is still being tested continuously. At present, it is merely a preparation for the next wave of upward movement, and the operation should focus on maintaining a low position!
From the four-hour perspective, the Bollinger Bands are expanding upwards with a wide opening, showing a gradual upward trend with small steps. The bottom is continuously rising, and the price is persistently testing the upper resistance point. If it can effectively break through the 115200 level, the trend will further fill the gap at 117500 above. In terms of operations, maintain a low volatility approach; each wave of pullback is paving the way for the next wave of upward movement!
BTC: 113000-113500, looking up around 115000-116000
ETH: 4350-4380, looking up near 4520-4580