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After four hours of consolidation and accumulation, the market has steadily established itself above the Bollinger Bands midline, demonstrating a strong upward momentum. The EMA trend indicator's moving average system clearly shows a bullish alignment pattern, with long-term moving averages transitioning from flat to rising. The downtrend has ended, and bullish forces have fully taken control of market initiative.
The MACD energy indicator has formed a golden cross above, adding further fuel to the upward trend. Particularly noteworthy is the key support zone between 68000 and 70000, which has been repeatedly tested by major capital and remains solid as a rock, with significant support effectiveness. As long as this zone is not effectively broken below, the northbound trend will continue steadfastly! Defense is built-in.
Bitcoin: Around 70500-69800 support, targeting 71500-73000 resistance
Ethereum: Around 2070-2020 support, targeting 2120-2200 resistance