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9:20 PM
In the afternoon to evening market, based on the analysis from the morning, there is demand around 2980-85, and a pullback can be used to go long. The live broadcast has already provided a short position, and I personally expect it to be around 2985, so I will take profit on my short position near 2985.
So for the subsequent long positions, based on the current formation, we shouldn't rush for now. Currently, on the smaller time frame of one hour, it is still showing a downward pullback pattern and structure. We will pay attention to whether 2970 can break. If it effectively breaks, we will look towards around 2905. Let's take it step by step.
As shown in the figure, if 2960-70 cannot break down, then the action of oscillating and consolidating will continue to push upwards, with the target range being 3060-3150. Conversely, if it breaks down, it will reach the strong support area around 2900-2905. When it reaches strong support, I personally believe that the structural pattern will definitely lead to a long position. Bitcoin is around 89200-87400, similar to the view on Ethereum. This is a personal opinion, for reference only.
The live stream will continue tomorrow, trading with logic and basis.