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4.2 Thursday Morning Awei Market Trends and Strategies
In the early morning, the bulls surged to around 69,200 but exhausted their momentum. The bears increased volume and pushed the price back down to 67,900. Currently, the price is fluctuating between 68,000 and 68,500.
The daily candle closed as a hammer with an upper shadow, indicating clear resistance after a rally. On the four-hour chart, there are two consecutive bearish candles with decreasing volume, suggesting the bulls lack momentum; on the hourly chart, bears are adding positions and pushing the price down, indicating short-term weakness.
Overall, the trend is clear: the rebound lacks strength, resistance is building above, and bears are gradually taking control.
Trading strategy remains to follow the trend:
BTC: Short around 68,200-68,700, targeting 67,300-66,300
ETH: Short around 2,160-2,180, targeting 2,110-2,080
The market is like the sun—rising and falling—but skilled traders can secure profits regardless of the ups and downs. #加密市场普遍上涨 $BTC $ETH