🌹Since you entered the crypto world, everyone and everything you encounter is guided and directed by your trading mindset! Some people take a wrong turn from the start, while others can sail smoothly; the reason can only be attributed to "blessings"!

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Marx once said: "Everything you have now is the sum of all your past production relationships!" In other words, everything you encounter now is the result of your past circumstances!
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🌹According to data, BlackRock's BUIDL fund currently holds approximately 1.145 billion USD worth of ETH, reaching an all-time high, indicating that institutions have not given up on Ethereum. This year, the Ethereum Budala upgrade is expected to bring us surprises.
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The eight months of 2023 and 2024 have proven that low prices do not make investors give up their holdings; if viewed as a contest, it leads to increased volume. Increased turnover often occurs during a price rally, and history has shown that only high prices can make long-term investors surrender, whereas in low price ranges, long-term holders tend to accumulate more.
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Intraday support: around 85000
Intraday resistance: around 87500
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After a narrow fluctuation over the weekend, Bitcoin surged with increased volume to the middle of the upward channel. On the four-hour chart, the bullish candlestick body is larger than the bearish one, and the pullback has been limited, indicating a clear bullish trend. Even if there is a slight bearish adjustment, it has not changed the overall upward pattern.
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🌹On the daily level, the bullish bars keep rising, with solid bodies and a strong bullish momentum. An uptrend has already formed. On the hourly level, the candlesticks are arranged in a staircase-like upward pattern. Although the bears occasionally test the market, the short lower shadows indicate strong support, and the bullish strength continues to exert.
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Intraday Trading Plan:
Buy on the price pullback to the intraday support.
Long on the lower support in four hours.
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ETH has been consolidating at the bottom for almost a month now, and a full-scale counterattack isn't too far away. Any short-term pullbacks can be good buying opportunities. I think when ETH really takes off, it will be very fierce because most people are stuck above 3000 and are unwilling to cut their losses. Since there are no sellers now, those are diamond hands, while weak hands have already been shaken out. Therefore, at least before ETH rebounds to 3000, there won't be too much selling pressure.
#pi #trump #zeta #eth #btc