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Enter Gate Square daily and click any trading pair or trading card within the content to complete a transaction. The top 10 users by trading volume will win GT, Gate merchandise boxes, position experience vouchers, and more.
The top prize: 50 GT.
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Thursday Evening Market Update:
Bitcoin continued its daytime trend from early morning, with an increase near 73,600, then a decline to around 70,085, followed by a rebound to approximately 71,900.
Ethereum continued its bearish trend, falling to around 2,170, then dropping further to about 2,060, before rebounding to approximately 2,150.
The daytime consolidation and weekly wave patterns have both reached their targets.
From the current daily chart structure, the four-hour bearish momentum is decreasing and showing bullish signs, with MACD diverging downward, while the KDJ is gradually forming a golden cross and moving upward. The hourly timeframe shows increasing bullish momentum, with MACD gradually forming a golden cross and moving upward, and the KDJ forming a golden cross and diverging upward.
Thursday Evening:
Market range around 71,100-71,600, with a target near 72,300-72,800.
Market range around 2,115-2,085, with a target near 2,185-2,215.
Market volatility is high; pay attention to risk management and defense. Gains within the range can be secured.