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Bitcoin's long position continued to reach a high of around 83200 in the morning, but was blocked. The market retreated again below 83000, forming a range oscillation. Ethereum has experienced a strong rebound, with the market rebounding to around 1950 and still under pressure. From a technical perspective, the daily chart shows a typical oscillation pattern, with prices framed within a specific range. The key resistance level above has been repeatedly impacted, but has never been broken through. After each attempt to break through, the bullish power quickly weakens, and the price is under pressure and falls back. The short-term market continues to fluctuate. The trend at the four hour level is more subtle, with bulls wanting to push for a new high but finding it difficult to find a breakthrough; Bears want to expand their gains and expand their space downwards, but are limited by insufficient adjustments. Both long and short sides repeatedly tug within a narrow price range.
Ethereum is still in a strong state in this wave, focusing on the 2060 point. It has been showing signs of breaking through for four hours, but the trading volume has been sluggish and needs to accumulate strength to stabilize
The recommended operating range for the pancake is around 86500-86800 koku, with a target of around 85000 koku. Ether can be empty between 2200-2230, with a target around 2100.
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