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The BTC conference has begun, and BTC has started to plummet. However, upon careful analysis, first of all, the recent Mt. Gox coin transfer and the sharp drop in the US stock market have not stopped the BTC pump. Could it be that the market is anticipating the BTC conference, and then the drop occurs after the conference begins? Because the decline started at the beginning of the meeting, it is unrelated to the reaction to Trump's speech. It's just that the decline started because the meeting started. The impact of this Favourable Information being realized is obviously smaller than the impact of the Unfavourable Information caused by the Mt. Gox coin transfer and the sharp drop in the US stock market. Since it can withstand such Unfavourable Information, there is a high probability that the market will hit bottom and rebound during the day.
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BTC market rebounded from 69400 to the downside after a pump last night, rebounded again after testing the bottom at 66650, and the price returned to the 69100 level. The midnight market fluctuated due to the influence of the BTC conference, with a fluctuation of more than two thousand points. Structurally, after a continuous oscillation, BTC rose, daily candlestick rose to recover the previous decline, and the market trend ran in the form of bottom exploration and rebound. Candlestick formed three consecutive bullish lines after a long bearish line, and the short term once again broke through the recent high point, but the process was relatively volatile, with continuous ups and downs, back and forth testing. Therefore, there is a certain uncertainty in the momentum of the pump. Under the pressure performance of the market, the focus is still on the pressure test and competition between 69500-70000. After each round of high surges, there is a certain amount of retracement and repair, followed by another high surge after recharging. Therefore, the operational strategy is still to consider the current rebound as a downward rebound pressure testing process. If the rebound does not continue, short at the high, and participate in the opportunity for long positions in the future based on the retracement intensity.
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Yesterday, ETH did not stabilize and start a retracement path after touching the 3325 line, and rebounded after reaching a low of 3188 with a Long Wick Candle, then fell back after touching the 3295 line. Currently, the market is still in a retracement phase. Recently, with the support of ETF, ETH has not broken out of a strong rhythm. In the short term, there is resistance at 3350-3380 and support at 3220-3180. The price may take a long time to form a strong trend if it wants to break out of the bottom's oscillating consolidation. In the short term, you can operate around the interval box and make progress along with the trend after breaking through the position!
BTC-0.6%
ETH0.7%
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TuntunTheMouseIsHere
ยท 2024-07-28 01:40
bullๅ›ž้€Ÿๅฝ’ ๐Ÿ‚
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WealthAndFortune
ยท 2024-07-28 01:11
Ambush 100x coin ๐Ÿ“ˆ All in ๐Ÿ™Œ Master, please guide me ๐Ÿ’ฐ
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