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Thursday, the 2.5th, morning BTC/ETH analysis
After two consecutive bullish waves testing the midline on the four-hour chart, the market has formed a five-day decline and retreated downward. The Bollinger Bands at this level continue to expand downward, indicating that the bearish momentum is still ongoing; although there are brief rebounds after each dip, the overall market remains weak. Meanwhile, the KDJ indicator remains in a death cross and diverging downward, further confirming that short-term bears are still in control.
Trading suggestions:
Bitcoin (BTC) in the 73,600-74,100 range for a rebound, target 71,500
Ethereum (ETH) in the 2,170-2,198 range for a rebound, target 2,030
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