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5.1 Morning Thoughts Don't be fooled by the small bullish candlestick, the bears' sword is already prepared
On the first day of the long holiday, I wish everyone a good time!
The market pace slowed down with the holiday, Bitcoin retested the 752 support yesterday, and maintained high volatility above 760, with no significant movements overnight.
From the four-hour chart, Bitcoin is slowly rising along with continuous small green candles, currently near the middle Bollinger Band with resistance, quickly pulling back after a short-term surge, with obvious selling pressure above. The overall trend remains dominated by bears, small-scale rebounds lack volume support, and the momentum remains weak.
Trading suggestions:
Long and short within the 76,500-77,000 range
Target 75,000-75,500