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Bitcoin Short-term Analysis
Analysis: Around 655 to buy, watch 665-675, stop-loss at 650
Previously, after a deep decline, the downward momentum was fully released, and the market gradually entered a bottoming and recovery phase. After the price completed its bottoming out, the lows continued to rise, and the bullish momentum gradually strengthened. The short-term moving averages shifted from downward to flat, supporting the market. Currently, the price is above the double moving average lines, and a full-bodied bullish candle confirms the rebound strength. Short-term selling pressure has significantly weakened, and the overall recovery zone is taking shape. The strategy is to rely on moving average support for a pullback to buy low. #我的Gate交易时刻 $BTC