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Market operation always revolves around the battle between bulls and bears.
Periodic pullbacks will not change the overall trend; instead, they will accumulate momentum for subsequent rallies.
Yesterday early morning, Bitcoin started a weak trend, gradually declining from 75,435.
It briefly rebounded to 75,362 before facing resistance and falling again, with an early session low of 74,257.
After the price pullback, a double bottom pattern formed, and bullish momentum began to recover.
The hourly chart oscillated repeatedly, temporarily unable to open upward space, and the market entered a sideways waiting period.
Combined with daily cycle analysis, the bullish structure is intact, and intra-day it will first fluctuate and consolidate.
After sufficient buildup, a second surge is expected, and repeated bottoming and rebound will become the main trend in the near future.
In trading, prioritize operating within the range:
If the rebound does not break the resistance, consider short positions;
If it falls to the support level, go long accordingly.
Once the range is effectively broken, then participate in the trend following the breakout!
BTC 74,000-74,300 buy long, target 76,500
ETH 2,000-2,010 buy #股票交易挑战最高赢17000U long, target 2,100