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#大户持仓动态 Last night's market was really exciting, brothers. The speed of the rise was exactly the same as the speed of the fall. The intention behind that pump was very clear—clearing the chips above. If it really wanted to continue rising, it wouldn't immediately reverse after a rally.
Bitcoin briefly touched the previous resistance at 90,300, then quickly corrected, retesting the support at 85,000. Fortunately, this level held, and a rebound followed. Now, 85,000 has been tested three times. The more a support level is tested, the higher the chance it will be broken—this is a basic rule.
In the short term, the neckline at 87,150 is a critical dividing line. Whether Bitcoin can hold steady here will determine the next move.
Looking at Ethereum's performance, the decline was indeed significant. The head and shoulders pattern was broken, and the previous low was also breached, with new lows appearing. If the rebound on the hourly chart of Bitcoin cannot stay above 2840, Ethereum's downward pressure will not be relieved, and continuing to hit new lows is only a matter of time.
$BTC $ETH $XRP
It is recommended to wait until tonight's market before making decisions.