Hey, friends! Have you felt like life is a roller coaster ride in the cryptocurrency world recently? This 'middle-aged loser' is here to bring you some exciting market analysis. 😎
Bitcoin has recently adjusted at a high level, with surges and pullbacks being the norm, so don't rush to short it. Last night it surged to 108,366, and profit-takers left, but that doesn't mean we should expect it to fall below 100,000. The daily K-line is closely following the upper Bollinger band, indicating there is demand for upward movement, but the space is limited, so pullbacks are normal. The 4-hour Bollinger middle band has broken down, and chasing shorts carries significant risks, having already pulled back more than 4,300 points; focusing on low longs is the key. Set buy orders around 103,600 and 102,700, with targets at 105,000-107,000-109,000.
Ethereum is at the 3,820 level, testing the daily K-line Bollinger middle band support on a pullback; a low long position is a good choice. Below 3,770, you can add long positions, with targets at 3,850, 4,000, and 4,100.
I have fully invested and am bullish on the target price! $BTC $ETH
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