A short-term correction for Bitcoin and Ethereum is inevitable, but it is not enough to change the trend of reaching new highs!

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禅币
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1 day ago

BTC The 4-hour chart in the evening still leans towards a bullish trend. The retracement point has started to rebound at the Fibonacci 61.8 support level, while the Bollinger Bands have broken down on the 4-hour chart and are now recovering. The daily level is approaching a standard range, giving us an opportunity to go long! The retracement points are 106600-106000 for gradual entry. The first target for going long in the evening is 108800. If it stabilizes at 108000, we can reduce our position and hold to see if it breaks through.

ETH Ethereum's daily trend is bullish, and the 4-hour chart is generally on an upward trend. It has rebounded after touching the 4-hour mid-band support. The short-term resistance above is at 2815. I am optimistic about breaking the new high, with the main entry points for low longs at 2680-2640 for gradual entry, targeting 2815.

Due to the real-time changes in the market, real-time information cannot be conveyed. Specific operations should be based on Lao Xiao's actual trading. Remember to manage your risk well!

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