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### š Bitcoin and Ethereum Market Analysis: August 26th š
**Success comes with persistence and hard work!** The journey to your dreams is fueled by continuous effort and dedication. Keep at it, and you'll achieve the life you've always wanted! šŖ
š **Market Insights**: Analyzing Bitcoin's latest 1-hour K-line chart, the market remains pressured by extended consolidation. The Bollinger Bands suggest a potential breakout, but Bitcoin is still struggling with key resistance levels, leading to minor retracements. The MACD lines are trending upward, indicating a slow build-up of bullish momentum. Despite this, Bitcoin continues to be confined within a narrow trading range, unable to make a decisive move. Monitoring these critical levels is essential as market conditions evolve.
š” **Action Plan**:
- **Bitcoin Short Position**: Consider opening a short position around the $55,300 - $57,000 range.
- **Target**: $53,500
- **Stop Loss**: $500 0 reply
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