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1.8 BTC and ETH Evening Trading Suggestions and Technical Analysis
The market rhythm has quickly shifted from the previous two days' breakout surge to a tug-of-war around the 90,000 level today. Although the downward momentum has not accelerated, the rebound remains weak and lacks continuity. This situation of "room to fall but no momentum to rise" clearly indicates that the downtrend is far from over.
The three consecutive daily bearish candles confirm a bearish pattern, with 89,000 becoming the key dividing line between bulls and bears in the evening. If this level is broken, the downside space will open. The four-hour chart shows that around 91,500 acts as a short-term resistance. If the price can effectively break through this level in the evening, it may extend towards 93,000, but the upward space is relatively limited, making it difficult to reach higher levels.
Personal Suggestions
Bitcoin: Enter around 90500-91000, target lower at 88000, if broken, look at 86500
Ethereum: Enter around 3120-3150, target lower at 3060, if broken, look at 2900
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