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Morning Thoughts
Currently, the market is consolidating at high levels with attempts to break out, but the short-term rebound continuation is hindered. On the four-hour chart, the candlesticks have strongly broken above the upper Bollinger Band, indicating an overbought condition and continuously guiding the market higher, with a bullish trend dominating. On the hourly chart, the market has shown strong upward momentum since last night, forming a clear bullish pattern. The Bollinger Bands are expanding ideally, and the market's momentum is very strong. In the short term, the KDJ indicator shows that KJ is gradually turning downward, indicating that a pullback and correction are imminent, which is normal. After a period of explosive growth, market corrections are common. Therefore, our strategy moving forward should focus on buying on dips.
Trading Suggestions:
Buy near 68,400 for Bitcoin, target around 70,000
Buy near 2,100 for Ethereum, target around 2,150
Three Stripes+
Btc244930
Gen Dan
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4450829
Gen Dan
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907
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