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From the hour-level chart movement, the overall market is showing a continuous choppy upward rhythm. The “top-bull” trend is gradually lifting higher. Currently, the Bollinger Bands overall remain in an upward-opening and diverging shape, and the price at the smaller time scale has already firmly established itself and is trading steadily above the Bollinger middle band.
At this stage, the “top-bull” pullback momentum is severely insufficient. Support below remains solid, and in the short term there is no need or space for a deep correction. The “top-bull” momentum on the smaller cycle continues to build and ferment; for now, the market is temporarily holding a relatively strong posture. In the short term, it’s best to treat any rebound continuation as the main line of action.
BTC retracement: around 73,500–72,900; possible upside: 74,200–75,300.
ETH retracement: around 2,010–1,980; possible upside: 2,040–2,120.