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5.7 Bitcoin Morning Analysis
This morning, it surged to $81,855 and then quickly pulled back, but it quickly stabilized at the key support level of 81,500. The low did not break the previous consolidation center, and buying support below is very strong, indicating a shakeout during an upward continuation rather than a trend reversal.
The short-term support range of 81,300-81,500 has been verified as effective. As long as it does not break downward, the overall trend will not change. The resistance level of 81,855 above is just a phase target; breaking through it will open up new upward space. The main upward wave has just begun.
Trading suggestions:
Bitcoin is positioned around 80,600-80,500 for a buy, targeting 82,000-82,300.
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