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$BTC 7.9 Bitcoin Trend Analysis
Since the drop that started from 126,000, the higher time frame has formed two ABC structures of the same level. Currently, this is the B-wave rebound of the second ABC.
At present, the smaller time frame is ranging with a downward oscillation within a consolidation zone. If it pulls back to around 61,000–60,000, add to long positions. The upside target is around 70,000.
Risk warning: This is only an analysis of market structure and does not constitute any trading advice.
#BTC走势分析 # Bitcoin