Bitcoin and Ethereum's latest market trend analysis in the early morning: 10/12
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Analysis of the latest early morning market trends from Dabing Yitaifang: 10/12: The current market is in a low-volatility range-bound state, with the market fluctuating between clear support and resistance levels. Technically, while a bullish engulfing pattern has appeared in the short term, suggesting potential for a rebound, the entanglement of the moving average system and the death cross signals indicate weak market momentum and unclear overall direction. A breakthrough of the key price level will be the main driver of the market's next move. Given that the current market is in a low-volatility range-bound state, with the price approaching the strong resistance level of 112718.9, combined with weakening momentum and moving average entanglement signals, a strategy of selling high and shorting within the resistance range is consistent with the characteristics of a volatile market. Trading recommendations: Dabing: Enter the market near 112000-112500, with a short-term target near 110000. Yitai: Enter the market near 3850-3870, with a short-term target near 3750.
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