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Friday Intraday Market Review: Yesterday early morning, the market started a volatile downward trend from 81,800, falling back to around 80,675 and finding a bottom to stabilize, then rebounding sharply to the intraday high of 81,680; subsequent market weakness continued with sideways decline, and last night it broke below the 80,000 level. Early this morning, it dipped to a low of 79,461 before stopping the decline and rebounding, currently fluctuating near the 80,000 level. Intraday Layout Review: Yesterday midday, the market retreated to support at 80,800, entered long positions according to the plan, targeting 81,800, 81,600 for take profit and exiting. Then, it reversed to short positions, targeting 80,600, which was reached as expected, with perfect take profit on shorts, accurately grasping the long-short rhythm. Markets have cycles, and price movements follow patterns; go with the trend, and do not oppose it. Knowing how to leverage the trend, learning to turn around in time, avoiding obsession with a single direction, and not gambling on luck, are keys to long-term stability and steady growth.
Currently, Bitcoin has completed a top-bottom reversal in the 79,000-79,500 range, forming a core support level, which can be relied upon for a bullish outlook. The key today is breaking through the resistance zone of 81,000-81,500; once the price breaks and stabilizes with volume in this range, a pullback will present an opportunity to add to long positions. Overall trading remains primarily low-buying; if the price refuses a deep correction, there’s no need to wait for an ideal low point. You can try small, aggressive long positions around 79,800, betting on a rebound above strong support.
Bitcoin Trading Strategy: Buy near 79,800-79,300, target up to 81,500, stop loss at 78,800
Altcoin Trading Strategy: Buy near 2,290-2,270, target up to 2,350, stop loss at 2,250