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The price of BTC touched the 96877 level at the low point and reached the 97917 level at the high point within the day. The overall trend is oscillating around this range. Within this range, the forces of both long and short positions are in a relatively balanced state, causing price Fluctuation up and down but difficult to break out of this range. The overall price movement of ETH within the day appears to be weakly oscillating. Starting from the high point of 2738, it experienced a pullback under pressure, gradually declining in price, reaching a low point of 2655. During this process, the short positions were relatively strong, making the price action of ETH relatively weak.
From a technical analysis perspective, on the daily chart, Bitcoin and Ethereum have not shown overly strong Fluctuation sentiment in the market, influenced by the weekend, the market overall tends to be more inclined to sideways oscillation. In the Bollinger Bands indicator, the current coin price continues to test the volume of oscillation rebound. Based on these technical features, personally, I expect that the overall trend of the coin price in the future will mainly adjust in a box oscillation manner. Given this market expectation, it would be wiser to continue with a high short strategy at the operational level until a breakthrough occurs.
Bitcoin: Around 98000-98500 may face a short-term target of 95500
ETH: Short-term target of 2650 can be reached around 2770-2750, possible pullback