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$BTC Bitcoin has just completed a wave of deep retracement and shakeout, with the lowest dip reaching around 79,800. The short-term bearish momentum has been fully released, the decline space is completely sealed off, and the support below is holding strongly, with very clear signs of market stabilization.
This round of retracement is a healthy accumulation during the upward trend, with the floating capital thoroughly cleaned out. The battle between bulls and bears has fully tilted in favor of the bulls. The next phase is the moment of a bullish-led counterattack, with an immediate target of a 1,000-point rise potential. I am firmly optimistic about the subsequent strong breakout of the bulls, and a new upward trend could start at any time!