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Tong Ge 5.29 BTC Strategy
$BTC Enter around 737-742, stop above 745, first target watch 730, second target 72556.
The daily chart has already given a clear sign of a bottom: after the price broke below the middle band of the Bollinger Bands, it has been operating below the lower band, and the Bollinger Bands are continuously widening, which is a standard accelerated downtrend pattern.
Although the MACD momentum bars are shrinking, DIF and DEA are still below the zero line with a death cross downward, showing no signs of a reversal, indicating that the downward continuation structure has not been broken.
Currently, the rebound is just a technical correction during the decline, not a reversal.
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