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7.4 Latest Updates
BTC
1. The current price has reached the 4-hour downtrend starting point, forming strong resistance due to dense筹码 (position concentration), making it difficult to break out and reverse in the short term, with the market entering a wide range of volatility.
2. Trading range: Upper resistance 62500-63000 (short on touch); lower support 60000-60500 (buy low on pullback).
3. Trend forecast: A significant pullback will occur after the rally. In a low-volume weekend environment, the focus is on buying low and selling high within the range.
ETH
1. The rebound has reached the strong resistance level of 0.028, indicating a phase high.
2. Pause long-term long positions. Only light intraday short positions are acceptable, waiting for a pullback before the next upward move.
DOGE
1. The previous bottom layout at 0.073 surged to a maximum of 7 points (7%), now retreating to a gain of 5%.
2. Around 0.08 is a phase high, suitable for entering a short position.