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The midday market pullback lacks strength compared to yesterday, which is completely in line with our thoughts. Ethereum is in a phase of continuous catch-up, gradually testing the resistance at higher points. In the short term, we expect BTC to fluctuate, and the bullish outlook for ETH can still be maintained.
From the current market observation, although the technical indicators show signs of a pullback, the price's real body remains firmly at a relatively high level, and the lower shadow is relatively short, indicating strong support below and limited pullback space. Although there is an upper shadow, it is not significant.
The extension indicates that although there is some impact from the resistance above, it has not been able to curb the overall upward momentum, and the larger trend remains upward. In the short term, the upward trend of Bitcoin is clear, and the moment of a pullback is a good opportunity to go long.
BTC can be bought in the range of 110500-111000, looking around 112500. ETH can be bought in the range of 2760-2780, looking around 2840.