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#ETH Crypto Assets market strong pump: BTC and ETH analysis
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After the price of Bitcoin (BTC) pumped to $99,900 within a day, it dropped to $98,662 under pressure. It rebounded to $99,000 in the evening, but the trading volume did not significantly increase. While keeping a short-term focus on the intraday trading strategy, the long positions opened in the morning are still maintained.
On the 4-hour chart, a cross-shaped candlestick pattern and a small-period high-level adjustment appeared. Although the trend of intraday volatility did not continue, regaining the level of $99,000 indicates that the market is in a strong upward trend. On the hourly chart, there was an upward rebound after touching the middle support point. With the opening of the U.S. stock market, it is expected that the market will become active and break through the level of $100,000.
ETH(long) opened at the range of $3,610-$3,635 with a target of $3,720. The price of ETH pumped 0.28% in the past 24 hours, with a trading price of $3,643.75.
In general, there is a strong pump trend in the BTC and ETH markets. Especially with the opening of the US exchanges, BTC is expected to break the $100,000 level, and ETH is expected to reach the set target.