Bitcoin's fluctuations are about to come to an end, waiting for takeoff
BTC is testing the trend support at 94700 but has not held, ultimately falling back below the trend line. The major direction is in a large downward channel, and the second peak has broken through and stabilized for 5 days. The overall profile forming a downward wave is no longer related to the pattern. Overall, BTC's large-scale head and shoulders bottoming upward wave has not ended, and after a pullback, it continues to look above 103000. From a technical perspective, BTC's hourly level parallel upward channel is open, with current trend support around 93800 and trend pressure around 98200 above. The head and shoulders bottoming upward wave has parallel pressure around 109000.
For Bitcoin, long positions at 93500-94000, with a target around 97000-100000. Defense at 92500.
For Ethereum, long positions at 1740-1780, with a target around 1880-1980. Defense at 1700.
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