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Yesterday morning, Bitcoin first surged to test the 64000 level but encountered resistance and pulled back. Throughout the day, it experienced a weak oscillating and declining trend, with prices continuously falling. In the evening, it dipped to a low of 61290.
As market positive news was gradually absorbed, concentrated buying funds entered the market, driving a strong counterattack. The price once again surged to around 64600, refreshing the intraday high.
Yesterday, we adhered to our long trading strategy throughout. The target prices set for Bitcoin and Ethereum were both reached as expected, and the strategy was successfully closed with profit.
Returning to the current chart structure, the daily level has completed a stage bottom formation after the previous bottoming. The coin price stands firmly above the middle Bollinger Band, and the MACD indicator's bullish momentum continues to expand.
The larger timeframe trend has bid farewell to the previous unilateral downtrend and officially entered a range of oscillating rebound after bottoming.
On the 4-hour level, lows are continuously rising, forming a stepped oscillating upward structure.
The 1-hour Bollinger Band middle line serves as the short-term bullish-bearish dividing line. The current price is running above the middle line, indicating a clear short-term bullish pattern.
Subsequent operations will continue to follow the core strategy of buying on dips in batches for long positions, unchanged.
Bitcoin: long near 62800-62300, target 64300-65500
Ethereum: long near 1760-1730, target 1830-1900
$ETH $BTC #Vitalik公布精简以太坊路线图