The general trend of BTC this week.

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4 hours ago

BTC and ETH have completed the weekly chart and are currently in a bullish state. BTC is undergoing a minor adjustment, and last night it reached the 95,000 area, which has support. The lower support levels are in the 95,000-92,000 range, 90,000-88,000, and 85,000-83,000 ranges. Currently, the trend is at these three levels. The daily and three-day charts are being influenced by the weekly level, continuing to wander in the extreme zone. Therefore, what everyone sees is a prolonged high-level consolidation. Since the weekly chart has not yet completed, it is expected that after a short-term consolidation, there is a high probability of continuing to move upward. Currently, ETH has relatively more room to grow. After a recent surge in mainstream cryptocurrencies, there is a need to consolidate and release profit-taking pressure. Altcoins are still in rotation; after each pullback, you can buy a portion at relatively low levels. In the short term, BTC faces resistance at around 99,500 and 105,000, with support at 95,800-95,200 and 90,000-88,000. ETH has support at 3,290-3,210 and 3,050, with resistance at 3,510-3,600. It needs to break above 3,600 to reach the upper level of 4,000.

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