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The crypto world welcomes a mysterious K-line organization with extraordinary moves.
Last night, the organization delivered a speech, initially mentioning positive news that caused the market to rise from around 885 to above 90,000, testing the resistance level at 90,400. The first target was 90,400, with a breakthrough aiming for 90,800. Despite a spike upward, it did not break through the 90,800 mark, staying near 90,600. The speech also mentioned negative news, causing the market to instantly drop to around 872, but the speech was not over. The organization then announced more positive news, and the market temporarily surged above 90,000 again. Currently, the market is all bubbles according to his words. When feeling tense, he triggers both long and short squeezes. Is this legendary figure just a big head?
Looking at the current chart, the key resistance remains at 904. After breaking through this level, the market will attempt to test the next resistance at 923-924. On the 4-hour chart, two large bullish daily candles appear, indicating a potential upward trend. The bullish engulfing pattern still suggests some rebound potential, but the extreme shrinking of trading volume weakens this signal's validity. The price remains within the Bollinger Bands, with normal volatility, mainly oscillating today.
BTC trading suggestion: buy at 885-890, defend at 875, target 91,000; break to watch for 92,000.
ETH trading suggestion: buy at 2950-2970, defend at 2910, target 3066; break to watch for 3090.