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- 🚀 ETH jumped to $4,600 this morning, up 8.69% in 24h!
Just shy of the $4,891 ATH—think it breaks through?
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As mentioned yesterday, the intraday trend is still upward. The target can be set at 121000, and in the evening, it just reached this position. It was also mentioned that after going up, we will still look for positions to move downwards. If the peak doesn't move down, when will it? As the saying goes. Currently, holding above 3500 is also a new high in half a year, and yesterday there were multiple temptations to move down. A slight drop and it was immediately pumped back up.
From a technical analysis perspective, on the four-hour level, Bitcoin is in a sideways consolidation phase and has not surged like ETH. Bitcoin is still relatively stable. Currently, the short-term resistance above is around 121000, and the operational advice remains consistent with yesterday's thinking. High points can trend downward.
Pancake operation suggestion: around 120500, head south, the first target is to see 118000.