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$BTC 11.29 Saturday midday ETH strategy analysis
Current price is 3033, currently at the middle-lower band of the Bollinger Bands with an expanding opening, which is a clear bearish signal: the combination of a large bearish candle and a small bullish candle is not a short-term consolidation, but a weak rebound dominated by bears. The large bearish candle establishes a downward trend, while the small bullish candle lacks volume support. The probability of breaking below the lower band of the Bollinger Bands is much higher than the possibility of a rebound upwards, and the pullback still presents an opportunity for a high short position.
Trading suggestion: Short near 3050-3080, target: 3000, 2950
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