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Note that the Ethereum four-hour boll has broken through the middle band, marking the first rebound of the week. At the same time, the boll has clearly narrowed and coincides with Sunday evening, indicating a clear market turning point signal.
On the technical side: the daily price touched the middle band of the Bollinger Bands and then started to pull back, forming a top fractal pattern, with a weak short-term rebound and a strong bearish trend.
On the news front: The central bank, together with thirteen departments, continues to crack down on domestic virtual currency speculation.
The overall market is bearish, and there is a high probability of a market turning point tonight, with a higher chance of continuing southward and a low probability of breaking through the 3100 point resistance level for a rebound.
#加密市场观察