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From the short-term market rhythm, the downward range continues to open up, prices gradually stabilize after testing key support levels, and signs of a temporary rebound and correction are beginning to appear; bearish momentum is gradually weakening and converging, after a round of downward movement, moving averages are starting to turn gently, and market sentiment is experiencing a phase of warming.
On the four-hour cycle structure, the market failed to attempt an upward test and has weakened again, currently falling back near the key support below, with the overall trading range narrowing again; the bullish and bearish sentiment switch more frequently, the oscillation amplitude further decreases, and the small-cycle overall structure remains stable.
The short-term market has formed a retracement correction pattern, with the downward pressure clearly easing, and the overall strategy moving forward focusing on buying on dips to capture the correction.
Bitcoin around 78,800-79,500, with targets at 80,800-81,800
Ethereum around 2,250-2,280, with targets at 2,330-2,380$BTC $ETH #BTC回调
On the four-hour cycle structure, the market failed to attempt an upward move and has weakened again, currently falling back near the key support below, with the overall trading range narrowing again; the bullish and bearish sentiment switch more frequently, and the amplitude of oscillation has further decreased, with the small-cycle overall structure remaining stable.
The short-term market has formed a retracement correction pattern, with the downward pressure clearly easing, and the overall strategy moving forward focusing on buying on dips to capture the correction.
Bitcoin around 78,800-79,500, target 80,800-81,800
Ethereum around 2,250-2,280, target 2,330-2,380$BTC $ETH #BTC correction