Bitcoin and Ethereum Latest Price Movement Analysis (11/6)
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Bitcoin (BTC) and Ethernet (ETH) Latest Market Analysis (11/6): The market is currently in a bottoming phase, with prices approaching the strong support level of 98888.8. Technically, a hammer candlestick pattern suggests a possible bullish reversal, but the moving average system is bearish, and short-term momentum remains downward, indicating some uncertainty in market direction. Insufficient trading volume further exacerbates the ambiguity of the price-volume relationship; close monitoring of subsequent volume changes is needed to confirm the effectiveness of the support level. Our midday short positions at 102200 and 3370 can be added to and held, awaiting a further decline. Those who haven't entered can enter short positions at the current price. Early morning trading suggestions: Bitcoin: Short at 103900, target 102500, break below to 101500. Bitcoin 2: Short at 3420, target 3320, break below to 3150.
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