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🔥5.29 Thursday Early Morning Big Pancake/Second Pancake Idea 哆
From a technical perspective, the MACD indicator shows that the bullish momentum is strengthening. The MA7 and MA30 moving averages are in a downward trend, indicating a clear bearish trend in the short term. Additionally, a "Dark Cloud Cover" pattern has appeared on the technical chart, suggesting that there may be consolidation or a decline in the near future. Bitcoin is currently hovering around 108700, facing resistance before sharply dropping to the support level of 107000, and is beginning to slowly retrace.
Operation suggestion: Considering the current short-term bullish trend, you may consider lightly entering a long position.
BTC:107000-107500, target near 108500