12.5 Market Analysis: Bitcoin Faces Adjustment, Key Support Needs Testing

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2 hours ago

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  BTC: From the daily chart perspective, the selling pressure at the 94,000 level is quite severe, and it has failed to break through this area several times, indicating that the price may need to move down to find support. Currently, it is in a triangular convergence pattern on the daily chart, with a key support area around 90,000. If it can hold this level, it is likely to make a secondary high later on.

ETH: Due to favorable influences, it directly tested the previously mentioned key resistance at 3,200 before starting to pull back. Although it is facing a short-term adjustment, as long as it does not drop below the 2,950 area, it is likely to rebound upward afterward.

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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