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$BTC $ETH Bitcoin and Ethereum remain primarily in a low-range mindset during the daytime. This wave is a high-level consolidation after a volume-driven rally, with no obvious signs of a trend reversal. It is a typical strong consolidation, with MA7 and MA30 in a bullish alignment, and prices consistently staying above the moving averages. The bullish trend remains intact, with support at the midline during pullbacks. Although there is a dead cross at high levels, volume is decreasing, indicating a correction rather than a reversal. The price has fallen back to lower levels, with a secondary turning point expected.
Bitcoin: Long around 73,500
Target: 74,800-76,300
Ethereum: Long around 2,325
Target: 2,370-2,410
In a strong market, shallow dips are opportunities. The longer the sideways movement, the higher the probability of a second surge! The trend is not reversing; it’s waiting for the next wave of momentum. The intraday strategy is to wait for a pullback, get in on the second leg!!