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As the weekend approaches, BTC is stuck in a sideways movement, while Ether has once again pumped, currently reaching a high of around 4200. This evening, it was noted that Ether's price has surpassed the expected 4120. This rise has accumulated strength over several days. Previously, I had been advising everyone on a medium to long term bullish perspective towards above 4000. On Friday, there was no "black swan" event; the price briefly broke through significant levels, and the indicators provided sufficient evidence. Together with my frens, we also captured a space of two hundred points, directly making money.
As of now, the price has once again shown a certain retracement. From the perspective of the four-hour chart, the price is gradually rising along the upper track. The MACD histogram is continuously expanding, and the momentum remains strong. The KDJ indicator is flat at a high level, which may face a correction after being overbought. In the short term, attention needs to be paid to the changes in the indicator crossovers. Looking at the hourly level, the short-term momentum-driven situation is still continuing. If the price provides further retracement, just pay attention to the stability of the mid-track support. The Bollinger Bands are opening upwards, and the momentum trend is clear. The later market outlook still maintains a strategy of buying on retracements.
Ether: Continue to pump around 4150-4120, aiming to see if it can break the previous high of 4200 again, looking to rise to 4250.