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Briefly explain the current Bitcoin and Ethereum market situation
After the US stock market closed, Bitcoin and Ethereum moved roughly in sync, both initially surged, then retraced, and ultimately closed slightly lower overall.
Bitcoin first surged to the 24-hour high of 91,999, then started to pull back, dropping to around 89,600 at the lowest. It is now fluctuating around 90,400, with trading volume decreasing as well. In the short term, it seems to lack the momentum to push higher.
Ethereum's movement is even more obvious. After reaching 3,148, it kept falling, with the lowest at 3,056, and finally closed at 3,085, slightly more than Bitcoin. The Bollinger Bands are opening downward, with prices below the middle band. Trading volume has also shrunk, indicating that although selling pressure isn't as fierce in the short term, buying interest hasn't caught up either.
Overall, these two brothers are showing weak oscillations with a rebound followed by a pullback. In the short term, they are likely to continue drifting within the current range, and only a surge in trading volume on Monday or the US stock market opening might break this sideways consolidation.
For those holding short positions over the weekend, it's advisable to keep protective stops and hold on. Those without positions can stay on the sidelines for now and enjoy a peaceful weekend! $BTC #ETH走势分析