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Bitcoin repeatedly retested support at 62,500 in the early morning, forming a bottom; bullish support is solid; in the morning, a large bullish candle broke above the moving average and surged nearly 1,500 points, showing waning bearish momentum.
Current price 63,600; on the 4-hour chart, it has firmly held the middle Bollinger Band, with the bands widening; the 63,600-63,300 zone has turned into strong support; as long as it holds, the bullish trend continues strongly.
If it breaks above 64,000 with volume in the afternoon, the upside targets are 64,500-65,200.
Operation: follow the trend and go long on dips; above the defense range of 63,300-63,500, you can enter long positions on pullbacks; if it holds above 64,000, look towards 64,500. Be cautious of profit-taking pressure on rapid surges; if it effectively breaks below 63,300, watch out for a fakeout and reassess the long/short direction. #非农爆冷打压加息预期