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Life is often full of disappointments, about eighty percent of the time, just like the recent market trend. It’s truly disappointing, with continuous days of retracement correction, weak rebounds, and the buried Bitcoin not gaining any profit, even incurring some losses. The daily chart has dropped again from the upper band to the middle band, but the trend still aligns with expectations. Previously, after the second break below the daily middle band and stabilizing, a new round of bullish attack began. I believe this time is no different. It is recommended not to easily short around 79,000, as it’s easy to get caught at the lowest point. During the previous dip to the middle band, the lowest point was 75,000, with a minimum gap of about 4,000 points. Around 79,000 is more suitable for medium- to long-term bullish positioning. Even if it drops below the daily middle band again, there isn’t much space left. The market’s rebound will be fleeting. Our bullish outlook remains unchanged. The next rally will definitely break through 83,000. The medium- to long-term target can be around 85,000, which is also our goal for next week and this month.
Bitcoin can be bought around 79,000 at noon, with a target of around 81,000; Ethereum can be bought around 2,235, with a target of around 2,350.
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