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Bitcoin stabilized and rebounded around 79,700 yesterday, oscillating upward into the early morning hours, reaching a high of around 81,600. Our previous low-level long strategy with a target of 81,500 has been accurately achieved; the altcoin trend is relatively weaker but also follows the rebound, and the low-buy strategy has successfully gained about 50 points.
From the current market structure, the daily chart has closed positive for three consecutive days, with volume expanding simultaneously, showing a healthy upward momentum overall. The price continues to hit new high points, with no clear signs of topping or falling back, and there is still room for continued volume expansion and upward attack in the short term. On the 4-hour cycle, there is alternating oscillation between bulls and bears, with the price gradually rising and pulling back to gather strength, forming a steady bullish ascending pattern. Each pullback accumulates energy for subsequent breakthroughs. Therefore, in terms of future operations, the main idea remains to buy low.
Bitcoin retraces around 80,600-80,000, with a target of 82,600-84,500.
Altcoin retraces around 2,340-2,310, with a target of 2,450-2,550.