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Stay focused and undisturbed by the noise; with a broad mind, only then can you move steadily and far.
Looking back at the previous market, Bitcoin dropped again during the early hours, reaching a low of 78,713, then rebounded to around 79,400.
Currently, it has entered another consolidation phase, and the trend is extremely torturous!
From the current market situation, the daily chart shows three consecutive down days, completely giving back the profit margins from the previous rally.
But overall, this trend still remains bullish in the long term.
As I mentioned during my live broadcast, a pullback to the middle band on the daily chart is a normal correction.
Although it broke below the 79,000 support during the early hours, it quickly rebounded and recovered, which reflects the overall market sentiment.
In the short term, during the daytime trading, I still expect consolidation and upward movement.
Considering the news, Trump’s visit to China and the negotiations—this is a piece of news that can seriously impact the crypto market.
Once the results are confirmed, the subsequent trend will definitely follow the outcome of the news.
In the short term, a bullish outlook is possible, but it’s not advisable to target too many points.
For Bitcoin, aiming for around 500 points; for Ethereum, around 20 points is sufficient!
BTC: Buy near 79,000-79,500, target 81,000
ETH: Buy around 2,240, target 2,300