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As the price of the currency rose again, it fell back and failed to break through the upper pressure level. As of now, Bitcoin (Flatbread) has retraced to around 84000 and entered a consolidation repair phase. Therefore, in the short-term operation, it is not advisable to be too aggressive. During the weekend, investors can grasp the point to enter the market and maintain a range-bound strategy to deal with it. From the daily point of view, the currency price showed a rising trend after hitting the bottom, and encountered resistance when it rebounded to the upper track, and then turned into a shock pattern. At present, the currency price is consolidating near the previous pressure level, and the KDJ indicator is upward, which indicates that the upside has not been exhausted, and the strategy of opening low and high can still be adopted. On the 4-hour timeframe, the overall trend is still in a range. Since yesterday's high was blocked, the market has fallen into a volatile situation of long and short games, and the lower support level is difficult to break through in the short term. In view of this, investors can only wait for the end of the weekend and then adjust their strategies according to the market signals.
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Bitcoin and Ethereum are moving in a similar direction, and both are in a volatile position on the four-hour level. However, Ethereum has completed consolidation at the one-hour level. The important defensive support below Ethereum is at 1900, and as long as the four-hour level close price is not lower than this level, the market is likely to continue its rally. The topside target pressure level is first looking towards 1960 and once breached it will focus further around 2030. If both levels are successfully breached, the upside is expected to expand to the 2120-2200 range. Overall, 1900 is an extremely critical support level. Investors who hold long positions should pay close attention, and if the four-hour closing line falls below 1900, it is recommended to close the position manually. After that, the market is expected to continue its choppy trend, with support in the range of 1860 - 1830.