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4-7 Morning Analysis$BTC $ETH $SOL
In the early hours, the market surged to the 70,300 level but faced resistance and pulled back, dropping to support at 69,200 before rebounding to 69,900 and encountering resistance again. It then declined to around 68,200, entering a range-bound consolidation, with bulls and bears temporarily in a tug-of-war.
The daily chart has shifted from bullish to bearish, generally moving sideways around the midline without a clear trend; the four-hour chart shows a decreasing volume in the bullish momentum with a bearish close, indicating a normal pullback within a consolidation zone; on the hourly chart, after breaking below, the price did not continue downward but instead oscillated at low levels, maintaining a wide-range sideways trend.
Trading Suggestions
Buy in batches near 68,300–68,800 for Bitcoin, targeting around 70,000–71,000. If it rises and fails to break through, then short.
Buy in batches near 2,080–2,100 for Ethereum, targeting around 2,160–2,180. If it rises and fails to break through, then short.#加密市场行情震荡 #Circle将推出cirBTC #GENIUS实施规则草案发布 #稳定币争议升温