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Maintain discipline, control your positions, invest with spare funds, and dedicate your time to truly valuable projects. Every winter you endure is for the spring to come, when you will reap your own blossoms. On Friday early morning, the overall market showed a narrow range of fluctuation, with Bitcoin price continuously oscillating within the small range from the low of 88465 to the high of 89908. Ethereum price also exhibited a sideways upward trend, moving from the low of 2904 to the high of 2971, oscillating within this small range. Although there was some layout during the day, the short-term white session was mainly ultra-short-term trading.
From a technical perspective, after continuous volume increase, the weekly chart has officially entered a strong consolidation phase. Although the trend is somewhat fragmented, the overall pattern indicates there is still considerable space above. On the daily chart, after a sharp rise and fall, prices continued to oscillate at low levels, with each dip accompanied by a slight rebound. The correction still falls within the scope of a strong adjustment, with a relatively fast recovery pace. Currently, the short-term moving averages remain in a bullish alignment, maintaining a bullish pattern in the technical structure. In terms of operation, on Friday, it is still advisable to follow the retracement strategy, paying attention to the continuation and upward breakthrough potential of the market.
Operation suggestions:
Bitcoin: Around 88500, consider buying, target 93000
Ethereum: Around 2880, consider buying, target 3200