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After a sharp dump and shakeout, a strong V-shaped reversal—bulls’ resilience is fully on display!
On the four-hour chart, Bitcoin has played out a classic “deep V” reversal move. In the early morning, it encountered a fierce sell-off from the bears; the price instantly plunged to the low at 74777. Then, the bulls quickly stepped in to absorb it—an intense rebound lifted the price to around 77699, reclaiming all the losses. This kind of price action shows that buy orders below are extremely strong, and the main fund is unwilling to let the price fall deeply.
Go long directly near 77000, first targeting 79300, and if it breaks through, look toward 82000.
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