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Last night, Bitcoin retested the support at 79,100 and then strongly rebounded, surging all the way up to the 82,000 level, nearly a 3,000-point increase. Our previously positioned long positions were perfectly realized, and all profits were secured.
The current market recovery continues to strengthen, with consecutive breakthroughs in the evening, showing strong bullish determination. The 4-hour chart shows a large bullish candle reclaiming lost ground, with bullish momentum steadily increasing in volume, leaving ample room for further upward movement. The Bollinger Bands on the hourly chart are fully opening upward, with the price breaking through resistance and steadily rising along the upper band. Volume and price are both rising, and market bullish sentiment is fully gathering. The trading strategy remains to buy on dips after pullbacks!
Bitcoin retraced near 80,500-79,800, with expectations to target 82,800-84,500.
Altcoins retraced near 2,260-2,230, with targets of 2,350-2,450.