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Friday morning thoughts
Still troubled by bland investments? The cryptocurrency contracts will take you on an exciting journey to wealth! The ever-changing market keeps you on the edge of your seat with every rise and fall. Here, small investments can yield big returns, and seizing the opportunity can lead to financial freedom. Just last midnight, Bitcoin's price continued to dip to a low point of 86066 before it stopped and began a rebound recovery phase, with the morning price peaking at 88214. Ethereum's midnight market similarly first dipped to a low of 2788 before experiencing a rebound correction, reaching a morning peak of 2904.
According to the current market situation, the daily level shows a pattern of yin nurturing yang, closely adhering to the lower Bollinger Band and gradually moving downward. Although the K-line has consistently formed long lower shadows below the body, the continuous refreshing of lower lows indicates that the selling pressure above is far greater than the support below. Therefore, the bearish sentiment continues to spread throughout the overall market. From the four-hour level, the market has experienced another series of bearish candles probing lower before rebounding, but based on the strength of the rebound, it is clearly a corrective maneuver within the downward process. As long as the downward channel is not broken, the bearish momentum still requires a certain cycle to be released. Therefore, in the morning operations, we will continue to maintain the idea of shorting after a rebound.
BTC: Can short around 88000, target at 86000.
ETH: Short around 2900, targeting 2750.
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