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The current digital money market is showing a positive pumping trend, with various technical indicators indicating improvement. From the four-hour Candlestick Chart perspective, the forces of bulls and bears alternate, but the price continues to operate in the upper band, demonstrating the overall strength of the market.
Hourly analysis shows that although the price has experienced a slight pullback after reaching a high, it remains stable above the middle band of the Bollinger Bands, with the overall trend showing a strong oscillation. The short-term pullback can be seen as a normal adjustment in the rising trend, accumulating strength for the next round of increase.
For trading strategies, it is recommended that investors pay attention to opportunities for buying on dips. Bitcoin can consider looking for entry points in the range of $113,700 to $113,200, with a rise target set at $115,600 to $116,300. Ethereum can look for buying points near $3,620 to $3,600, with target prices in the range of $3,715 to $3,750.
It is worth noting that although there may be fluctuations in the short term, the market is still in an upward channel from an overall trend perspective. Investors should maintain a cautiously optimistic attitude, closely monitor market movements, and manage risks appropriately. At the same time, it is also important to be alert to the potential impact of sudden events on the market and to adjust strategies promptly to respond to market changes.