From the current market situation, the hourly cycle price has completed an effective upward breakout, accompanied by a significant increase in trading volume for confirmation. After the breakout, the pullback has narrowed, indicating that the selling pressure has been fully released and the support strength is strong. The market does not show signs of a dominant bearish trend.
Bitcoin: Range between 70,500-70,000, with an upward target around 73,000 Ethereum: Range between 2,070-2,050, with an upward target around 2,200#比特币反弹 $BTC
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2.9 Midday Thoughts
From the current market situation, the hourly cycle price has completed an effective upward breakout, accompanied by a significant increase in trading volume for confirmation. After the breakout, the pullback has narrowed, indicating that the selling pressure has been fully released and the support strength is strong. The market does not show signs of a dominant bearish trend.
Bitcoin: Range between 70,500-70,000, with an upward target around 73,000
Ethereum: Range between 2,070-2,050, with an upward target around 2,200#比特币反弹 $BTC