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Yesterday, Bitcoin maintained a sideways slow-rise pattern, surging to the 67,205 resistance zone in the early morning. The "mistress" (altcoin) followed the market upward, reaching the 1850-point level. The low-level bullish deployment strategy provided yesterday evening was fully realized during this morning's rebound rally!
From the current market situation, the daily chart shows that the price effectively broke through the middle band of the Bollinger Bands, with the lower band continuing to turn upward. The previously deep decline in the bearish cycle has come to an end, and the bottom reversal and recovery pattern has been completed. The 4-hour ladder-like upward structure remains intact, with the Bollinger Channel maintaining an open upward trend, indicating the continuation of the medium-term bullish main trend. The downward movement on the 1-hour cycle is only a technical correction after a surge, with the key support zone at 65,500 in the short term. The downward momentum is insufficient, and the correction space is limited. After short-term consolidation to digest selling pressure, bullish funds will once again dominate the market upward. Every pullback in the market is a highly cost-effective low-buying opportunity.
Bitcoin retraced to around 65,600-65,000, with an upside target of 67,300-68,500. A breakout would then trend toward 70,000.
The "mistress" retraced to around 1,760-1,730, with an upside target #TradFiCFD黄金大师赛 of 1,850-1,950.