MingDao
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Yesterday, BTC's peak was 103930.1 points, closing at 103633.1 points, with a volatility of 3.17% and a rise of 1.12%. Yesterday was mainly characterized by a high-level pump, with the closing price above the 5-day average. From a medium to long term perspective, longer forces are dominant. As of the market data release, there were 452 rising items and 116 falling items, indicating that the overall market data is very strong.


Previously analyzed, the resistance levels for BTC and Ethereum were 102000 points and 2100 points respectively, but unexpectedly, Ethereum performed particularly strong, reaching a peak of 2700 points, while BTC broke through 105000 points with a relatively smaller increase. Due to the excessive excitement in the market these past few days, both BTC and Ethereum have shown a consolidation structure today, which requires great caution, rather than a reckless advance. There hasn't been a continuous upward or downward trend, so the next step is to consider whether this is the last rebound or the beginning of a new bull market? Or is it the start of a bear market? This requires a month's observation.
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Birjavip
· 05-14 14:11
Yes, you are right, Bitcoin's adaptation is increasing day by day. This shows its long-term potential.
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