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Good morning, frens. The market has recently broken free from the weekend's "small fluctuation, weak and powerless" narrative, with the coin price quickly pumping to around 118,500 yesterday, followed by a rapid pullback to around 117,500. After a brief consolidation, the coin price continued its previous upward trend. This morning, the coin price has once again strongly pumped, breaking above 119,000. The current upward trend is still continuing, and Ether's performance has been basically in sync with BTC after early this morning.
From the perspective of the daily chart, the coin price has once again closed with a strong bullish candle, further solidifying the current bullish engulfing steady upward structure, while also strongly reclaiming all the space of the previous coin price pullback. Following the continued sluggishness of the coin price on Friday and Saturday, the bulls have once again sounded the horn for a counterattack, and various indicators have thus shown a slow turning upward trend. Looking at the four-hour chart, after dipping below the low point of 112,000, the coin price has continuously shown an upward movement with a step-back pattern, consistently rising, consolidating and correcting, then rising again in a corrective oscillating upward pattern. The current MACD energy bars continue to strengthen, pushing bullish sentiment to a higher position. In the current situation, the coin price has the energy and trend to attack 120,000 again during the day. Ether's movement is in sync with BTC, still having upward momentum. We will continue to adopt the strategy of buying on the dips.
BTC is long around 119000, pay attention to around 120000, the second coin is long around 4220, pay attention to around 4310.
#BTC# #ETH# #GateioInto11#