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Enter Gate Square daily and click any trading pair or trading card within the content to complete a transaction. The top 10 users by trading volume will win GT, Gate merchandise boxes, position experience vouchers, and more.
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Bitcoin and Ethereum Early Morning Trading Suggestions and Future Trend Analysis: 2/3 The current market is in a range-bound consolidation, with neither technical nor external factors providing a clear trend direction. Technical analysis shows that although the moving average system is in a bullish alignment and short-term momentum is strengthening, trading volume has shrunk dramatically to only 0.0% of the 10-period average, indicating low market participation and a lack of volume support for price increases. Additionally, the candlestick pattern has formed a bearish engulfing pattern, further increasing the likelihood of a short-term pullback. Meanwhile, the BOLL indicator shows normal market volatility, with prices near the middle band, and sentiment is balanced, failing to provide a clear trend signal. Given the current range-bound market and the price approaching the strong resistance zone at 79,360 USDT, combined with extremely low volume and the bearish engulfing pattern, it suggests that prices may face short-term downward pressure. Therefore, shorting near the strong resistance level is a reasonable strategy aligned with the current market situation. Future trading suggestions mainly focus on rebounds: consider shorting Bitcoin around 79,500-80,000, with targets near 77,500-77,000; for Ethereum, consider shorting around 2,390-2,420, with targets near 2,300-2,280.