📈Dr. Frog Daily Analysis📉
Although the CPI data is positive, it only temporarily brings some vitality to the market, but it does not bring about a trend reversal. The interest rate meeting is basically a show of words, which has little impact on the market. Yesterday, Bitcoin ($BTC) went up and down, showing short-term uncertainty. After the overall rebound yesterday, the altcoins failed to get out of the reversal market. We are currently in a wide range of fluctuations in the bottoming stage. Many altcoins will gradually repair the downward trend after breaking the new low.
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Bitcoin ($BTC ):
Oscillating range: $70,000 - $66,500
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Ethereum ($ETH ):
Support level: $3,400
Resistance level: $3,600 - $3,700
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Market outlook: Today's overall market is mainly based on shock repair. Some altcoins may continue to rebound, but the downward space is limited, mainly due to time-consuming shocks. If there is a short-term opportunity, trade it. For the rest, wait patiently!#Bitcoin#Ethereum#Cryptocurrency#MarketAnalysis #Dr.Frog
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