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Friday's market: Under the calm, there are undercurrents.
The market on Friday is destined to be turbulent.
Bitcoin (BTC) has been oscillating at high levels for several days, appearing stable, but in reality, there are turbulent undercurrents.
The buying pressure is gradually weakening, and the highs continue to decline, indicating a buildup of bearish power in the market.
From a structural perspective, the price has repeatedly faced resistance at the upper pressure zone. If it cannot remain above 123000 during the US market session tonight,
It does not rule out the possibility of a new round of downward movement, with attention on testing the support at the 118600 area.
📉 Market analysis reference:
BTC (Bitcoin):
Pay attention to short-selling opportunities in the range of 122600–123200. If there is a rebound, it can be gradually arranged under pressure. Short-term and swing rhythms should run in parallel, with a lower target reference around 118600.
ETH (Ethereum):
The weak structure continues, with the overall rhythm synchronized with BTC.
The upper pressure is focused on the 4380–4460 area. If it cannot stabilize, it may continue to decline to the 4160–3860 range in the medium term.
The operation is mainly based on the trend-following approach, with a bearish bias on rebounds.
📊 Overall Assessment:
Market sentiment is becoming cautious, with clear signs of liquidity contraction. In the short term, mainstream cryptocurrencies are likely to continue to maintain a weak oscillation pattern.
In operations, it is advisable to prioritize rhythm, take positions lightly in accordance with the trend, and prioritize defensive awareness.