FeigeOnCoins
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A brief review of yesterday's market data: BTC retraced to a low of 105000 and stabilized. The market continued to rise slowly during the day, and with the favorable news from the small non-farm payroll report coinciding with the US stock market opening, the price experienced a general increase, surging again to a high point of 109600. In the early morning, due to the strong surge in long positions, the market slowed down. Currently, the market data shows that the daily chart has bullish candles continuously breaking through previous resistance levels, and the support levels have not formed an effective steady trend. Additionally, no effective breakdown structure has formed below, which means that the long positions remain the dominant force. On the four-hour chart, there are clear signs of a rebound from the bottom, and the trend of consecutive bullish candles is strong, reversing the weak structure and moving in one direction. The price has surged to the upper band of the Bollinger Bands and is starting to face resistance, indicating that the momentum has dissipated. It is advisable to look for a potential pullback around the key level of 110000. In terms of operations, we can flexibly respond to the breakout situation at the key level. In the morning, BTC can be shorted in the range of 109500-110000, looking towards around 108000. Ether can be shorted in the range of 2600-2630, looking towards around 2500. #BTC# 0192837464656574839201

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