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Liangqiu: 11.5 Bitcoin/Ether fluctuated widely in the early morning, follow the breakdown of the upper boundary from last night.
The strategies laid out for Bitcoin/Ethereum yesterday saw a quick loss of the 100-point space that was previously gained by Ether in the early morning. This also highlights the key position mentioned in the breakdown market. Currently, the market has touched the bottom and rebounded significantly, with a relatively large overall increase; pay attention to the key resistance levels at 103500 and 3400 to watch for a potential pullback and decline. The hourly chart is already facing pressure at the middle line of the Bollinger Bands, and we will see if it can continue to break through.
Last night, the 3350 level daily pin low area that everyone was following, after breaking, either leaving directly or following the trend to short could minimize losses or even take decent space by following the trend. Currently, the market is also close to this range, friends who didn't catch the fluctuation of the drop and rise in the early morning can choose to enter short again at a higher level to gain space.
Operation suggestions: Short Bitcoin near 102300 to 102800, target around 100000; Short Ethereum near 3340 to 3370, target around 3250.
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