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4.21 Bitcoin Analysis
After the Bollinger Bands converge and then expand, it suggests that the trending move following a breakout from the range is now unfolding. The current price is pulling back to the middle band, which is in the confirmation phase after the breakout.
Looking upward at 76,500; if the rebound faces resistance, you may consider a small short position. If there is an effective breakout, you can look toward around 77,200.
Looking downward at 75,500-75,000; if it stabilizes and stops falling, you may try a small long position. If it directly breaks below the 74,500 support, the bullish trend may reverse, and you should watch out for further pullback risks$BTC $ETH #GatePreIPOs首发SpaceX #Gate13周年现场直击 #加密市场小幅下跌