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The overall market performance today was relatively weak. Bitcoin and Ethereum experienced a rally and then entered a range-bound consolidation phase. From the candlestick position, the price is still hovering around yesterday's bullish cost line, but the upward trend structure has already formed, which often indicates that there is still upward momentum to come.
Based on the evening trend, another round of extension is expected. If you hold long positions, there's no need to operate too frequently; patience and holding are the better choices. The key is to defend the long position costs established yesterday and wait for the potential breakthrough opportunities in the evening.
Such oscillation and consolidation in the market are often a buildup process. As long as the support level is not effectively broken, the logic of continuing to hold long positions remains valid. Moving forward, close attention should be paid to the trading volume and price breakout situations in the evening, as these will determine the subsequent direction.