Xiaoyao LOL: Bitcoin and Ethereum Afternoon Market Analysis 11.6
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Bitcoin's current daily chart shows a pullback from its highs, with multiple long lower shadows indicating buying support at lower levels, but the overall market remains in a consolidation phase. On the 4-hour chart, the MACD histogram has shrunk from negative to positive, but the fast and slow lines are still below the zero line, indicating weakening upward momentum. After several consecutive bearish candles, the price has gradually stabilized, currently exhibiting a slight consolidation pattern. A short-term rebound is possible. Intraday trading is recommended to buy on dips. Specifically, Bitcoin is suggested to enter long positions around 102200-102800, with a target around 104500; Ethereum is suggested to enter long positions around 3340-3370, with a target around 3450. However, market conditions are constantly changing, and this article is time-sensitive. Those entering positions should refer to real-time guidance.
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