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10.10 Morning Market Analysis: BTC ETH
Yesterday, the price of BTC briefly surged to around 123700, but then faced strong selling pressure, and the market quickly reversed. Bearish forces dominated the market, leading to a continuous decline. In contrast, the bulls' counterattack was weak, with short and small bullish candles, indicating that the upward momentum has significantly weakened.
Currently, the price is near a key support level. If this support is broken, there is a lack of effective buying support below, which may trigger further rapid declines. Overall, the market trend has clearly turned bearish.
Suggestion:
BTC: It is recommended to place short positions in the range of 122300 - 122800, targeting 121500 - 119000.
ETH: It is recommended to place short positions in the range of 4390 - 4440, with a target looking towards 4330 - 4300. #BTC