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Since the low of 67,350, there has been a continuous stair-step upward movement with large bullish candles. The moving averages have a golden cross opening, and the Bollinger Bands are expanding significantly, showing a strong bullish trend. The MACD is operating at high levels, with the bullish momentum bars continuously enlarging, confirming an established upward trend. A pullback is a good opportunity for those who missed the initial move; in the short term, watch for resistance around 75,000.
This wave of extension has directly reached our expected target. Currently, the extension has reached around 73,500. If it continues to break through here, we can consider placing short positions around 75,000 later. For now, we are still looking for a rebound.
Ethereum has also rebounded to our expected level. Short positions can be placed around 2180-2200.