Morning Thoughts


The daily BTC formed a large bullish candle that engulfed the previous three days' bearish candles, returning to the oscillation range. The overall trend remains in an upward channel, but the upside momentum is weakening with increased volume. Resistance is evident above. The 4-hour chart bounced from the bottom to the upper band but encountered resistance, with bullish momentum slowing. It will likely retrace and consolidate before rising further. Short-term bias is sideways.

Operation Suggestions
BTC: Build long positions in the 69500-70500 range, target attention on 72000
ETH: Build long positions in the 2120-2100 range, target near 2180
BTC3.97%
ETH5.61%
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