Morning Market Review:

In the morning, the price of Bitcoin has been fluctuating in the range of 34500-34700, without providing a retracement space. At ten o'clock, the price of the coin plunged from the 34450 level to the 34150 level, and then quickly rebounded. Currently, the price is fluctuating around the 34300 level.

From a technical perspective, the hourly chart shows that after a period of upward movement, Bitcoin and Ethereum are now showing a trend of oscillation and decline. However, during the decline, Bitcoin has shown strong support at 34150, not to mention the short-term important support at 33950 to 33750. The MA moving average indicator has shown some upward movement, but the bullish trend has slowed down.

The afternoon trading suggestion is to focus on buying at a lower price.

Long on Bitcoin at 34150-33950, with a target of 34750-35000. Ethereum strategy can be synchronized.

Disclaimer: The above is purely personal sharing and does not constitute actual entry points. Trade at your own risk.

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