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Share your thoughts on the current market situation. After the second rapid rise, Bitcoin and Ethereum show clear signs of weakening momentum among the leading bulls. The current pattern is BTC oscillating between 95500-97800, while ETH is repeatedly testing the 3280-3400 range, seemingly digesting the selling pressure accumulated during the previous surge.
From different timeframes, the daily chart still maintains an upward rhythm, but the 6-hour chart has already shown signs of weakening from bullish to bearish, and medium to long-term sentiment is beginning to diverge. This directly causes the current upward momentum to be dragged down, making the subsequent trend quite uncertain. Whether aiming to go long or short, this phase requires full alertness.
**BTC Trend Analysis**
1 hour: Downtrend releasing
6 hours: Switching from bullish to bearish
Daily: Uptrend still exists
**Trading Strategy**
In the short term, the position is somewhat awkward, and the trend is not decisive enough, so it's advised to stay cautious. For the medium term, there are signs of a trend reversal, so avoid making moves for now. The long-term approach is to buy on dips in batches, with proper position management.
**BTC Key Levels**
Support below: 95500, 94500, 92700, 91500
Resistance above: 97200, 98000, 100000, 102000
**ETH Trend Analysis**
1 hour: Downtrend releasing
6 hours: Switching from bullish to bearish
Daily: Uptrend still exists
**Trading Strategy**
Short-term position is average, trend is not decisive enough, so wait and see. There are signs of a trend change in the medium term, so avoid reckless moves. For the long term, wait for a clear bearish signal before accumulating longs, with position management as the priority.
**ETH Key Levels**
Support below: 3280, 3230, 3120, 3075
Resistance above: 3350, 3580, 3700, 3880