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The current Bollinger middle band is at 81028, and the current price has just precisely broken above the middle band threshold, indicating that the bearish pressure has temporarily eased.
The market has officially shifted from oversold rebound to a range-bound correction. After a rapid dip to the key low of 79801 yesterday, funds quickly bottomed out and completed a deep V-shaped bottoming rebound with a long lower shadow candlestick, confirming that the short-term bottom support is effective. Today’s large bullish candle has surged, recovering more than half of the decline, and panic sentiment has completely receded. Market sentiment has returned to a more bullish correction.
Bitcoin: Buy around 80500 Target: 82000
Ethereum: Buy around 2260 Target: 2400