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After the recent market pullback, it has been consolidating around 74,000 with continuous oscillation. The daily level is still running within a wedge structure, and the overall uptrend momentum has slowed somewhat. However, the OBV indicator continues to show volume expansion, indicating that buying power is continuously accumulating, with a higher probability of an upward breakout. Once a successful breakout occurs, it could potentially challenge the 78,000-79,000 range. At that point, it will face resistance from the previous high's downtrend, so we cannot yet confirm a trend reversal.
From a short-term perspective, it is in a high-level oscillation pattern, with repeated tug-of-wars between bulls and bears in the 73,500-74,800 range. The 72,200 level is a critical demarcation point. As long as it does not effectively break below, it can be considered as a bullish accumulation phase before a move upward.
For Bitcoin, go long at 72,600-73,600 with targets of 75,800 and 78,000.
For Ethereum, go long at 2,270-2,300 with targets of 2,380 and 2,460.