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Early morning Bitcoin retraced to around 80,300. After encountering resistance at the 80,000 level, it rebounded as scheduled at 8 a.m., with Ethereum moving in sync and upward. We remain confident in a low-buying strategy, once again accurately fulfilling our predictions!
From the market perspective, after a period of box-range consolidation on the daily chart, the price has completed an effective upward breakout, officially opening the upward channel. Bullish momentum continues to increase, with moving averages aligned in a bullish configuration and diverging upward. The current market is in a phase of trend correction and rally, with a strong upward trend. Bulls hold absolute dominance, and future operations will continue to adhere to the low-buying approach unchanged.
Bitcoin retraced near 80,500-80,000, with potential to rise to 83,000-84,500.
Altcoins retraced near 2,320-2,290, with potential to rise to 2,400-2,530.