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#Recent Market Analysis Don't overly pray for market manipulators to dump; just because the market rises and pumps, it doesn't mean there has to be a dumping. Sometimes it’s just a normal rise. So let's return to the candlestick charts and stay true to the technicals. If the market manipulators must create a scene, they will first pump to clean out the bearish traders and then dump to clean out the bullish traders. In that case, we really have no way to deal with it!
Bitcoin surged to the 88800 level in the evening and then retraced, with a minimum around 87600, a drop of less than 1200 points. This does not mean that it can’t rise anymore; if it were to go bearish, it would need to dump. Currently, it is oscillating around the 88000 level repeatedly, and this kind of movement resembles a horizontal decline, creating a trap for bearish traders! I won’t participate in high shorts and will lean towards low long positions instead! One should not guess the market manipulator's strategy and anticipate a dump, leading to constantly trying to call the top and going for high shorts. However, it is also important not to blindly chase long positions out of optimism, but rather to wait at the support level!
Bitcoin's lower support focuses on 87300 and 86500 and 85500 here, and the low is mostly around here to ambush and wait, the target is 88800 and 89500 and 90500 here, and the defense is 85000
The support for Ethereum below focuses on 2050 and 2020. If it holds here without breaking, it will continue to rebound, targeting 2090, 2130, and 2180. The defense is at 1980#近期市场行情分析 .