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1.12 Morning Technical Analysis
In the short term, Bitcoin has experienced complex fluctuations between the upper and lower bands. Despite attempts to break through the upper band, a stable breakthrough has not been established. The lower band support has shown some stability at the 92,000 level.
And because it's the weekend, the trading volume did not show a significant increase. At present, the momentum of both long and short sides seems relatively balanced, and the current price range is oscillating widely between 96000 and 92000. At this stage, following the principle of 'no breaking, no standing', the trading strategy is relatively clear and concise.
Bitcoin retraced to 94500-94000, with a potential upside target of 96000.
Ether retreats to 3230-3250, targeting 3360.