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Morning Bitcoin Market Analysis
The overnight market bottomed out and rebounded, with strong buying support at low levels, and the bearish momentum has weakened. The hourly chart is above the middle Bollinger Band, with moving averages forming a golden cross for support, indicating a clear short-term bullish trend.
A pullback is a good opportunity to buy low, and after breaking 78,600, the upward space is fully open, with a bullish outlook moving forward.
Trading Suggestions
Buy in stages within the 77,300–76,800 range
Target: 78,000–78,900
Strictly control position size and risk management, follow the trend, and hold long positions with a bullish outlook. #BTC