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This early morning, Bitcoin and Ethereum both staged a "sharp rise followed by a pullback" show, and now they have entered a phase of slight fluctuation and sideways trading.
$BTC Bitcoin once surged to a high of 91190 in the early morning, then cooled off and retraced. Currently, the price is stable at 89600. From a technical perspective, it is stuck in the middle of the Bollinger Bands.
Above, the upper band at 89900 and the previous high are blocking the way, making it difficult to continue upward; below, the lower band at 89500 and today's low of 89160 are supporting it.
Trading volume is decreasing, indicating that both bulls and bears are watching, and no one is willing to take the initiative for now.
$ETH Ethereum's trend is almost a replica of Bitcoin's. After reaching 3020 in the early morning, it also pulled back, and now the price is consolidating around 2960.
It is also stuck in the middle of the Bollinger Bands, with resistance at the upper band at 2965 and the previous high, and support at the lower band at 2954 and today's low of 2929.
Overall, these two brothers have both entered a consolidation phase after a rapid surge. In the short term, they cannot break through the resistance of the upper Bollinger Band, and it is likely that they will continue to maintain this slight fluctuation over the weekend.