If you can receive multiple orders near $ETH , then you can hold it with confidence. The short positions that are down are not significant. In comparison, going long is the most valuable. Stop loss at 1980, take profit after breaking through 2150 and stabilizing, you can see near 2300. If the market breaks below 1900, it will definitely test the lowest point, everyone pay attention before the holiday‼️
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Bitcoin and Ethereum Weekend Analysis: High Volatility Continues, Market Sentiment Remains Cautious
This weekend, the cryptocurrency market continued its recent high volatility trends. Bitcoin (BTC) price, after successfully breaking through and stabilizing at the $70,000 integer level, is currently oscillating mainly between $69,000 and $70,500. Although bulls are attempting to launch an offensive, there is clearly pressure from previous high points and profit-taking sell orders from some large whales. Ethereum (ETH) followed the market trend and after breaking above the $2,100 level, it fell into consolidation. Currently, its price fluctuates narrowly between $2,060 and $2,150, striving to seek a new breakout direction.
$BTC is likely to experience a dramatic surge followed by a pullback, with a tight and intense battle between bulls and bears throughout the day. The market's volatility is likely to exceed most people's expectations.
In the early morning phase, driven by short-term capital and technical rebound demand, BTC is likely to make a rapid surge. Bulls will test key resistance levels with market sentiment, and short-term buying funds will follow, showing a strong upward trend, seemingly signaling the beginning of a unilateral rise. However, this surge is more like a trap for bulls, as the trapped positions and profit-taking will emerge simultaneously, and bears will concentrate their defenses at key positions, leading to a rapid depletion of upward momentum. #美国核心CPI创四年新低
Entering the afternoon and evening, the market will officially enter the main rhythm of surge and pullback. Prices will quickly turn downward after reaching the resistance zone, with significant and rapid pullback, intensifying the bull-bear game. The liquidation effect of leveraged funds will further amplify volatility, creating a roller coaster pattern of sharp rises and falls, with support levels being repeatedly tested, weak rebounds, and rapid declines becoming the norm. #加密市场反弹
Overall, BTC does not have the conditions for sustained unilateral rises tomorrow; the core trend will be characterized by surging to lure bulls, encountering resistance and pulling back, and wide fluctuations. For traders, blindly chasing highs carries a high risk; it is essential to strictly control positions and maintain stop-losses, focusing on stability in a highly volatile market to avoid being washed out by rapid market movements. #X平台将可交易加密资产 $BTC
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🔥Chile wildfires reveal the underlying logic of the global economy and cryptocurrency
The wildfires in Chile not only raise the price of cherries but also expose the fragility of the global supply chain. Extreme weather and inflationary pressures are becoming the norm, while the traditional fiat currency system's ability to withstand risks continues to weaken. The hedge value of decentralized assets like Bitcoin is being increasingly recognized by more and more capital.
In this time of heightened uncertainty, crypto assets may be an important option for coping with traditional economic fluctuations.
To thank everyone for their attention, I have prepared a red envelope of $BTC 🎁 What are your thoughts on "climate impact → economic fluctuations → cryptocurrency opportunities"? Share your views in the comments! Simply input: 123 to participate in the distribution!
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