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Wednesday morning, November 14th BTC/ETH Sharing
From the daily chart, Bitcoin has strongly broken through the upper Bollinger Band and stabilized above a key resistance level. The bulls are fully in control of the market, with sufficient upward momentum and a clear upward trend on a larger scale. Technical indicators are all positive, moving averages are in a bullish arrangement, and trading volume continues to support further upward movement.
The 4-hour chart is even clearer, with prices consistently trading above the upper Bollinger Band, indicating a strong trend; the MACD golden cross persists, with the red histogram steadily expanding, showing no signs of weakening upward momentum; RSI is also rising, not yet entering the overbought zone, with no significant bearish reversal, and support levels below are solid, limiting the scope for a pullback.
Bitcoin is recommended to buy in the 94,500-95,000 range, with a target of 97,200.
Ethereum is recommended to buy in the 3,280-3,300 range, with a target of 3,450.
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