10.9 Market Analysis: Bitcoin Consolidates at High Levels, Beware of Pullback Risks

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丁君羡
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7 hours ago

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  BTC: The Bitcoin is currently above the 5-day moving average on the daily chart, and the trend is in a bullish arrangement, indicating an overall upward trend. However, at this position, it is not very meaningful to FOMO chase the highs; the short-term focus is still on adjustments, with key support below around 121,500.

ETH: 4,750 is a zone of double top resistance. If this position cannot stabilize in the future, it will not be able to break through the historical high. Overall, it is still in an upward channel, and the short-term is also undergoing adjustments, with key support below around 4,400. If it does not break down effectively here, there will not be a significant level of correction.

For more explanations, please patiently watch the video. If you have any questions, you can follow the public account: Ding Junxian.

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