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After giving a bullish outlook yesterday, the market did not move upward in a single direction, but instead first dipped down, touching the support level I mentioned yesterday, then rebounded effectively, indicating that the support below remains strong. The daily chart closed with a long lower shadow yesterday, with the lows still showing a continuous upward trend. Although the current daily trend is bearish, there is still a short-term need for a pullback downward, but the downward space is limited. The price has moved away from the middle band support by a considerable distance, and support levels below are increasing.
The 4-hour chart of Bitcoin is also supported at the Bollinger middle band. Although it pierced through briefly, it quickly pulled back to the main trend. This is due to the strong support, and the bullish trend has not changed. The market remains bullish tonight, and the pullbacks are all opportunities for us to enter long positions.
Tonight, Bitcoin can be bought at 77,500-77,000, with a target near 79,800; Ethereum can be bought at 2,310-2,280, with a target near 2,450.