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Don’t envy others for turning accounts overnight. Behind it are risk control and self-discipline. The most valuable thing in the crypto world is that.
Last night, Bitcoin surged first to test the high near 81,745, then met resistance and pulled back. It then quickly dropped to the low near 80,651, before stopping the decline, stabilizing, and oscillating upward again. It has now returned above 81,200, showing a broad range pattern of first rising, then suppressing, and then repairing.
From the 4-hour chart, the current price at 81,262 is between the Bollinger Bands’ middle band (79,796.8) and upper band (82,069.3). It is in a short-term bullish zone and there are no clear reversal signals, so a sideways bullish outlook is favored. However, trading volume has not significantly expanded. With resistance near 82,070, if it fails to break out with increased volume, there is still a possibility of a pullback to the middle band. In terms of trading, maintain a cautious bullish bias. If it breaks below the middle band, it will need to be reassessed.
Big Bing around 80760 long, target 82260
Yitai around 2338 long, target 2400 level
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