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- 🚀 ETH jumped to $4,600 this morning, up 8.69% in 24h!
Just shy of the $4,891 ATH—think it breaks through?
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Dare to trade. Dare to win.
Bitcoin has shown strong performance recently, with prices returning to the $120,000 mark, attracting market attention. At the beginning of this week, trading activity has noticeably increased, which is closely related to the rise in Bitcoin prices over the weekend. Data shows that short-term investors have become the market makers in current trading, while early investors are taking a wait-and-see approach, not exhibiting panic or withdrawal from the market due to the rebound in Bitcoin prices.
Despite the frequent trading, the changes in positions at key support levels are not significant, and there has been no large-scale sell-off. This indicates that investors at these price levels are gradually turning into long-term holders. It is worth noting that the seventh support area is gradually forming, but its stability needs further observation.
Overall, the market shows a situation where short-term investors are actively participating while long-term holders remain calm. This trend reflects the differing expectations investors have regarding the future trajectory of Bit, and also illustrates the complexity and diversity of the cryptocurrency market. As the price of Bit continues to fluctuate, the behavioral patterns of market participants will continue to be closely monitored.