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[Today's Market Analysis - BTC - 8.13]
For educational purposes only in technical analysis, not as investment opening suggestions. Profit and loss are at your own risk.
👉 Plot: The BTC short sellers are still present and have not fully covered their positions. Yesterday's positive CPI data only resulted in a slight reduction of the shorts, nothing more. As long as the shorts are not covered, there can be no significant price breakthrough, and it will continue to be a sideways fluctuation.
The ETH whales are accumulating strongly, and the price remains bullish. The only risk is that there is still a slight divergence. However, the degree of divergence has little impact.
👉Position:
BTC retracement: 118, 116, intraday peak 123
ETH pullback: 451, 446, 436, intraday high 478
🌟Intraday trading idea: buy on pullbacks