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#F1 Speed Racing, Share $50K As the price of the coin rose again, it fell again and failed to break through the upper pressure level. As of now, Bitcoin has bounced (Flatbread) to around 84,000 and entered the consolidation reform phase. Therefore, in short-term operation, it is not recommended to be too aggressive. Over the weekend, investors can understand the point to enter the market and maintain a limited strategy to deal with it. From the daily point of view, the price of the coin showed an uptrend after reaching the bottom, encountered resistance when it rebounded to the upper track, and then turned into a shock pattern. At the moment, the price of the coin is consolidating near the previous pressure level, and the KDJ indicator is bullish, which indicates that the uptrend is not exhausted, and the strategy of opening the bottom and top can still be adopted. On the 4-hour timeframe, the overall trend remains in the range. Since yesterday's high was blocked, the market has fallen into a volatile situation of long and short games, and it is difficult to break through the low support level in the short term. In light of this, investors can only wait until the end of the weekend and then adjust their strategies according to market signals.
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Bitcoin and Ethereum are moving in a similar direction, both in a volatile four-hour mode. However, Ethereum has completed standardization at the one-hour level. Important defensive support is below Ethereum at 1900, and as long as the closing price of the four-hour level is not below this level, the market is likely to continue rising. The upper target pressure level first looks towards 1960 and once breached it will focus more around 2030. If both levels are successfully breached, the uptrend is expected to expand to the 2120-2200 range. In general, 1900 is a very critical support level. Investors holding long positions should pay close attention, and if the four-hour closing line falls below 1900, it is advisable to close the position manually. After that, the market is expected to continue its volatile trend, with support in the 1860 - 1830 range.