These past two days, Bitcoin has experienced a slight pullback, and the current trend has been established. The pullback is an opportunity to buy in; every pullback is a chance to enter. Currently, the price is holding above the 75-day moving average, indicating a short-term bullish outlook. Although there has been some consolidation in recent days, the 80k level is definitely a target to test higher.



On the daily chart, consecutive solid bullish candles have been formed, with the price center of gravity steadily rising. The moving average system shows a typical bullish arrangement, with the 5-day moving average crossing above the 10-day and 30-day moving averages, providing trend support. On the 4-hour chart, the candlesticks are running along the upper band of the Bollinger Bands, and the channel is widening. The MACD fast and slow lines are making a second golden cross above the zero line, and the bullish momentum bars are lengthening again, indicating that the upward momentum has not yet exhausted. On the hourly chart, each pullback is quickly recovered.

Bitcoin trading suggestion: look upward around 76,400
Target: 78,500#BTC
BTC-0.24%
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