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Yesterday's Bitcoin move was completely within our expectations: the entire day saw limited volatility, with two successful rebounds near 79100, followed by a slow rise, reaching a high of around 80500 in the early morning. Our current long positions at Bitcoin 79100 and Auntie 2260 were all precisely hit!
Looking at the current market: the daily uptrend remains intact, key support levels have not been effectively broken, and the medium-term bullish structure is still solid. This pullback seems more like a consolidation during an upward trend rather than a trend reversal. On the 4-hour chart, prices are now consolidating at high levels, with increasing battle between bulls and bears. The Bollinger Bands are flattening, indicating that the short-term direction is still undecided. Future focus should be on whether key levels are broken. Although the 1-hour chart shows prices above the middle Bollinger Band, suggesting a short-term bullish sentiment has warmed up, there is heavy selling pressure above, and we should be cautious of the risk of a rebound failing and prices falling back again.
The overall strategy remains unchanged: continue to follow the pullback and buy on dips!
Bitcoin retraced around 79500-78800, aiming for 71500-73000.
Auntie retraced around 2270-2240, aiming for 2350-2450.