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Monday morning Bitcoin Ethereum market analysis and trading suggestions
The big coin experienced significant fluctuations yesterday, showing a pattern of rising first and then falling, with another surge in the early morning, overall oscillating in the range of 108200-109600.
From a technical indicator perspective: the daily MACD is still above the zero axis, and the KDJ indicator is turning upward, indicating that the market still has some upward momentum, but the space above is expected to be limited. On the four-hour level, the Bollinger Bands are showing a convergence pattern, with the upper band and middle band sloping downward, and 109500 forming significant resistance. The MACD bearish volume continues to decline, while bullish strength is beginning to emerge, and the KDJ indicator is also turning upward in synchronization. Considering the demand for a pullback and repair after the US stock market is closed on Friday, as well as the uncertainties brought about by tariff policies, it is expected that there may be a slight technical pullback during the day, but the extent will be limited. After that, the market is expected to gather momentum to challenge the 110000 round number again.
Operation Suggestions:
If Bitcoin rebounds to the 109500-110000 area and faces resistance, you can try to short, with a target range of 108700-108400.
If it stabilizes above 108400 upon retracement, consider going long, targeting around 111000.
If Ethereum rebounds to the 2590-2610 area and faces resistance, consider shorting with a target range of 2550-2530.
If a pullback finds support above 2530, consider going long, targeting around 2670.
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