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7.4 Saturday Early Morning BTC/ETH Latest Trading Suggestions
Due to the US stock market holiday yesterday, the trend did not break out of a significant range. After a pullback during the day, there was a slight rally in the evening. Currently, the trend remains dominated by bullish momentum, with a secondary test of the upper resistance level. After the market opens next Monday, it is likely to successfully break through, so we can take long positions around the bottom support near 61000!
From the four-hour chart, the Bollinger Bands are opening upward and extending, with a slight sign of closing at the bottom. Although the KDJ is currently at a high level, the golden cross still has strong continuity. The MACD is abundant in bullish momentum, and the trend is likely to pull back slightly before testing the upper resistance level again!
Trading Suggestions:
BTC: Long at 61000-61500, target around 62800-63500
ETH: Long at 1650-1680, target around 1780-1800
#btc