Market Analysis: Frog Doctor's Market Outlook
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Daily Market Analysis
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Yesterday, $ETH broke the downtrend on the 4-hour chart, but failed to hold $3800 before the daily close, which means that the adjustment is still continuing. As mentioned before, the first week or two of June may continue to adjust slightly, but from the middle of the month, it is expected to usher in an upward trend. The big positive line was reversed in May, and after a brief adjustment in June, the probability of an increase is very high.
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Ethereum ($ETH ):
Intraday resistance: $3820
Intraday support: $3700
Major support: $3600 and $3400
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Bitcoin ($BTC ):
Short-term resistance: $69000
Short-term support: $67000
Major support: $65500
The overall market is currently in a stage of adjustment, and many altcoins are bottoming out in preparation for subsequent market conditions. Investors are advised to wait patiently for the time being and observe market trends in order to catch the next wave of rising prices.
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