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2.12 Bitcoin and Ethereum Evening Market Analysis
In the afternoon, the overall market trading was subdued, mainly fluctuating within a narrow range. The bullish momentum was insufficient, and the rebound strength was relatively weak. Although there were some attempts by buyers to support the market locally, market sentiment remained cautious, and trading volume failed to significantly increase. In the short term, it is unlikely to see a trend-driven large move. Trading strategies should focus on quick in-and-out trades, avoiding holding positions for too long or fighting against the trend.
Bitcoin
Short in the 67500-68000 range, target 66000-65000
Ethereum
Short in the 1980-2000 range, target 1850-1900