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#BTC# The market early this morning also reached the expected target level we provided during the night. Bitcoin first dropped for a while before entering a range of fluctuations, and then it skyrocketed to around 117500, followed by an upward fluctuation, ultimately reaching a high near 117600. The rise of Ether was even more pronounced compared to Bitcoin; it started with a slight pullback, and unlike Bitcoin, Ether did not fluctuate in a range but directly rose to around 3900. The evening market was as expected, taking advantage of the opportunities; Bitcoin was longed near 115700, yielding over 1700 points of space and over 80 points of space for Ether. The market needs to timely acquire and analyze information from the charts, and market fluctuations should be combined with a global perspective to act decisively in order to seize opportunities.
In the short term, Bitcoin's price is relatively high compared to others, but overall it still maintains an upward trend. During the price increase, the trading volume significantly expands, while it contracts during pullbacks, which further establishes a foundational support for the price rise. Looking at Ether in the short term, it shows stable fluctuations, with the price steadily rising under the support of short-term moving averages, and there is no significant indication of a decline. Short-term Ether is expected to maintain this strength. On the hourly chart, Bitcoin shows slight fluctuations, but the pullback strength is weak, with each pullback finding support near key support levels before rising again. Focusing on the hourly chart of Ether, the overall center of gravity is gradually moving up, with the price fluctuating around short-term moving averages, and the RSI is above 50, indicating that the market is in a slightly bullish state, with bulls having a slight advantage.
The pancake is around 116500-116000, looking near 117000. Ether is around 3820-3850, looking near 3920. #eth#