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Analysis on the morning of the 5th
The previous price moved below the middle band of the Bollinger Bands, indicating a generally weak short-term trend; the Bollinger Bands are narrowing and flattening, and the battle between bulls and bears is becoming more balanced. The market has entered a range-bound consolidation pattern, with volatility significantly narrowing.
The price has stabilized in the short term above the 7-day moving average, gaining short-term support; however, the 30-day moving average is forming resistance above, and the medium- to long-term trend has not yet completed a bullish reversal, with selling pressure still present above.
The weekend holiday offers a bit of relaxation, so the market won't be too volatile.
Around 76,500-77,500, currently near 74,800-75,500 #BTC #ETH #BTC走势分析