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Ethereum took profit last night.
After the market closes today, Bitcoin and Ethereum are still above critical levels. Bitcoin is above 123,000, and Ethereum is above 4,500.
Looking at the smaller time frame, Bitcoin is oscillating at a high level. It is just a step away from breaking the previous high. Ethereum has formed a central pivot on the 4-hour chart. If this central pivot can effectively support the price, it is expected that Ethereum will make another attempt to break the 5000 mark.
Summary. Currently still bullish, the higher-level trend is strong. The lower-level patterns do not look good and can be ignored.
Shenzhen Chen Village Committee Party Branch
#Bitcoin