Bitcoin and Ethereum Afternoon Trading Suggestions and Future Trend Analysis: 2/5 The current market is in a range-bound consolidation pattern, with prices fluctuating between the strong support at 70085.3( and the strong resistance at 74141.1). Technical indicators show a bullish engulfing pattern and short-term moving averages trending upward, forming a resonance that indicates bulls are attempting to gain momentum. However, trading volume has significantly decreased, and the divergence between volume and price suggests insufficient upward momentum, making a breakout above resistance unlikely in the short term. Given the market is in a range-bound state and 70085.3( is a strong support level, historical performance indicates strong buying support in this area. Therefore, buying on dips near the support level is a prudent strategy aligned with current market characteristics. Going forward, the main trading approach should be to buy on dips, with light positions around 70000-70500 for Bitcoin, targeting 72000-72500; and around 2080-2100 for Ethereum, targeting 2150-2200.
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Bitcoin and Ethereum Afternoon Trading Suggestions and Future Trend Analysis: 2/5 The current market is in a range-bound consolidation pattern, with prices fluctuating between the strong support at 70085.3( and the strong resistance at 74141.1). Technical indicators show a bullish engulfing pattern and short-term moving averages trending upward, forming a resonance that indicates bulls are attempting to gain momentum. However, trading volume has significantly decreased, and the divergence between volume and price suggests insufficient upward momentum, making a breakout above resistance unlikely in the short term. Given the market is in a range-bound state and 70085.3( is a strong support level, historical performance indicates strong buying support in this area. Therefore, buying on dips near the support level is a prudent strategy aligned with current market characteristics. Going forward, the main trading approach should be to buy on dips, with light positions around 70000-70500 for Bitcoin, targeting 72000-72500; and around 2080-2100 for Ethereum, targeting 2150-2200.