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7.8 Early-morning analysis of Sister Li’s big cake & ETH:
From the current chart, it has perfectly confirmed our pull-in-by-responding (buy-the-dip) thinking from last night. It has already broken through the 6.4w level, so the bulls have started to push toward and test the resistance near the upper band. The short-term downside is only laying the groundwork for the bulls, so we still maintain the approach of going long on rebounds:
Trading Suggestions:
Bitcoin (Big Cake): Go long after a pullback to 6.35w–6.3w, target around 6.45w–6.5w
Ethereum (ETH): Go long after a pullback to 1770–1750, target around 1830–1870
(Personal advice is for reference only; the final decision should be based on the ten-quote order book.)
$BTC $ETH