๐ Evening Analysis โ Bitcoin & Ethereum Strategy
๐ถ BTC Weekly Outlook Bitcoin has been adjusting after facing resistance near its historical high at 111,959.5, but the uptrend remains intact. Price has repeatedly tried to breach 110,000 but failed, with each high lower than the previous โ indicating momentum is still insufficient for a direct breakout.
๐ The current K-line structure shows a potential three-wave pattern. If this plays out:
Bitcoin may retest the 100,000 mark
Possibly even dip to 96,000 โก๏ธ After this correction and accumulation, there will be an opportunity to target the 120,000 milestone everyone is watching.
โก Short-Term BTC View Market still needs to accumulate momentum and continues presenting a C-wave extension trend. Although Bitcoin's rebound target is above 108,000, as I mentioned in my morning analysis: ๐ด If it does not break the 108,300โ108,800 area, this is still a normal consolidation, and short opportunities remain valid.
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๐ก BTC Operation Suggestion ๐ฝ Short near 108,000 โ 108,400
๐ฏ Targets: 106,300 โ 105,800
๐ From there, look for long positions.
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๐ ETH Short-Term Strategy For Ethereum, continue focusing near 2480.
๐ก ETH Operation Suggestion ๐ฝ Short near 2450 โ 2470
๐ฏ Targets: 2415 โ 2405
โ ๏ธ If it breaks below, look for long positions near 2376.
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๐ This strategy is for reference only. Trade with proper risk management.