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Analysis:
Bitcoin and Ethereum have been oscillating within a range all day, stabilizing on the lows in the morning with a consolidation, but the rebound has been weak and repeatedly suppressed; in the afternoon, the focus shifted downward, and market sentiment remained cautious. Although there was a quick surge driven by funds in the evening, the high-level resistance was insufficient to sustain the rally, leading to a rapid pullback that gave back most of the gains, returning to a sideways pattern.
The daily chart shows a weak correction at high levels, with frequent upper shadows indicating heavy selling pressure; resistance above on the 4-hour chart is clear, and support below is critical. Overall, the upper pressure is significant, and a high rebound followed by a pullback is likely; maintain a high-altitude trading mindset, look toward the lower end of the range, and follow the trend to seize opportunities.
Trading suggestions:
Bitcoin: pullback to 722-724, target 710, further target 705.
Ethereum: pullback to 2230-2250, target 2190, further 2170.
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