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7.14 Morning BTC Ether Analysis
Yesterday, BTC started a fluctuating upward trend from a low point of 116900, strongly breaking through the key level of 118000 in the evening. The bulls continued to exert strength, reaching a high near 119600 and successfully achieving the target level set by the previous low long strategy. The current price is entering a fluctuating correction phase around 118600.
The daily chart of BTC has formed a "four ups and one down" pattern, and then continued to show strong performance. It is currently firmly above the moving average system, indicating ample bullish momentum, and the medium to long-term upward trend has been reinforced.
The 1-hour level has tested the 117000 support line multiple times over the weekend, which is extremely solid, and the trend shows a characteristic of gradually higher highs and lows, presenting a standard wave-like upward structure.
Operational Recommendations
BTC short-term: 1182-1180, target 120000
Ether short line: 2930-2910, target 3000