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Do not envy those seemingly accidental myths of sudden wealth; every seasoned player who has traversed through bulls and bears understands that what the market ultimately rewards is not luck, but knowledge. You will never earn money beyond your understanding, and even if you gain it by chance, you will eventually return it through your own strength.
The market is moving slowly over the weekend, with the price of coins remaining in a consolidation range. Currently, the price is also running near the middle band of the Bollinger Bands. The first line of defense for Bitcoin is in the 90000-90500 area, and yesterday's pullback once again verified the support strength here. The strong resistance area above is concentrated between 93000 and 93700, which is not only the high point of yesterday's rebound but also gathers previous dense selling pressure. From a larger time frame perspective, if it can successfully break through 94000, it will open up space for a push towards 97000 or even higher. Conversely, it is important to pay extra attention to the potential breach of the 90000 level. #btc #eth
In terms of operation, maintain trading within the range, conducting high sell and low buy around 90000-93000. Wait for the Federal Reserve's interest rate decision next month. Also, set stop losses appropriately; for long positions, place the stop loss near 89500, and for short positions, place the stop loss near 94000.