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Thursday Market Review: Bitcoin and Ethereum both experience high-level consolidation, with the upward momentum appearing somewhat weak.
The most noticeable phenomenon is this—prices are climbing, but trading volume is shrinking. This is a classic divergence between volume and price, indicating that buyer enthusiasm is cooling off and short-term upward momentum is clearly lacking.
Technical signals are also not very optimistic. The MACD histogram is gradually shrinking, suggesting that upward momentum is waning; RSI has entered overbought territory, which usually indicates increasing risk of a pullback after a rally.
Based on the current technical patterns, Bitcoin's short-term focus should be on the resistance zone of 96000-96500. If it cannot stabilize above this range, it may retest the support levels at 95000-94500. For Ethereum, the key resistance is at 3300-3270, with support below at 3240-3210.
It is important to note that market volatility is indeed high, and risks are significant. The above is only a technical reference; specific operations should be based on your own risk tolerance.