As expected, Bitcoin has been in a weak pullback phase since last night. Currently, the price has already fallen below 80k, and the four-hour pullback has already been reached. There is approximately 2,000 points of downward space remaining. We will no longer focus on breaking the pattern; instead, we will maintain the previous strategy. After the pullback, continue to look upward.



From a technical structure perspective, currently, the four-hour Bollinger Bands indicate a four-hour pullback. After touching the lower band, support was found. Although the MACD is currently showing continued strength, the momentum should gradually weaken later. It is now at a small-term low point, so follow the upward trend.

Bitcoin trading suggestion: around 79,600, go north; target 83,000.
BTC-1.85%
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IndianOldSparrow
· 1h ago
Are the charts for Bitcoin suggesting that it might dip into a deeper correction? So you’re going to short right after the rebound, right?
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