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After four hours of pullback consolidation, the market has firmly established itself above the Bollinger Band middle band, demonstrating a strong rebound momentum. The EMA trend indicator moving average system clearly shows a bullish alignment pattern, with long-term moving averages transitioning from flat to upward, signaling the end of the downtrend, and bullish forces fully controlling market initiative.
The MACD energy indicator has formed a golden cross in the upper region, adding further fuel to the upward momentum. Particularly noteworthy is the critical support zone between 68000 and 70000, which has been repeatedly tested by major capital and remains rock-solid, with significant support effectiveness. As long as this zone is not effectively breached downward, the northbound trend will continue steadily! Defense built-in
BTC: Around 70500-69800, looking up at 71500-73000
ETH: Around 2070-2020, looking up at 2120-2200