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$ETH Rebound one-day tour? BTC price fluctuates wildly: once approaching $70,000 then quickly falling back! Let's see how Shao Ge analyzes the situation moving forward!
After bottoming out and rebounding over the past 48 hours on the evening of the 24th, yesterday's intraday correction demand caused a decline as expected, with standard indicator recovery. The current market trend is in the indicator repair phase after a sharp rise, leaning towards consolidation. Although the volatility is slightly higher, the highs and lows are generally achieved in one go, leaving little time for you to jump in on long or short positions. It looks like there's plenty of room, but most of the time it's just consolidation, making it hard to find an entry point!
BTC
Support 57850-60000/62800
Resistance 75475/83960
Key levels for BTC are 70900 and 65300. Continue to monitor intraday to see if there's a chance to jump in by evening;
ETH
Support 1785/1600/1385
Resistance 2225/2749
Key levels are 1925/1830 and 2100, just follow the Bitcoin trend!
XAU is also staying at high levels for a long time without breaking into a new rally space. Currently stagnant, as time passes, the US-Iran conflict hasn't escalated, and emotional driving forces have diminished. This hype has lasted a long time, and both sides are well-prepared. At most, it's the same situation as last year—nothing concrete, just negotiation chips. Once it materializes, the cards are on the table, and there will be less room for maneuver. It's all about interests!
Today during the day, avoid going long on XAU for now. If it breaks through the high zone without reaching the upper boundary, consider a hard stop for short positions!
In terms of operation: whether it's data or news, indicators have been volatile these past two days and are now in a correction phase. This is arguably the most boring moment. Be patient; the market needs time to repair and accumulate liquidity. Otherwise, the main players won't have much to gain from their moves right now!
Stay patient and follow the trend!