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Currently, Bitcoin is once again entering a frustrating sideways consolidation. Does this inexplicable sense of familiarity feel like déjà vu? What we need to do is not oppose the market sentiment; the market is always right. Learn to go with the trend; those who follow the trend profit, those who oppose it lose, unchanged since ancient times.
The daily chart of Bitcoin shows a small bearish doji star, with balanced upper and lower shadows, a typical signal of stalemate between bulls and bears. The Bollinger Bands are narrowing, bullish momentum is slowing but not exhausted, with no top divergence, indicating the medium-term bullish trend has not reversed.
On the four-hour chart, multiple tests of the bottom around 76,500 have been followed by quick rebounds, forming a tentative double bottom pattern. The bullish rebound lacks sufficient volume and momentum for a one-sided breakout.
Ethereum is correlated with Bitcoin and remains weak, oscillating to find a bottom.
Focus on Bitcoin: as long as it does not break below the 76,500 lower support, it will firmly hold the long position; for Ethereum, watch the 2050 level. #美军打击伊朗 $BTC