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Bitcoin trend has reversed, and we continue to be bullish!
This week, Bitcoin rose from around 67,000 to about 73,700 all the way, so you could say it was effortless. Each pullback was also not very strong. Today, Bitcoin dropped from around the 73,700 high all the way down to around 71,200, and it is currently trading near 71,400.
From a weekly perspective, it has already seen two consecutive bullish candles. The MACD bearish trend is gradually shrinking in volume, and is about to turn positive. Combined with stabilization above 70,000 and the lows continuously moving higher, the long-side situation is clear. We will continue to keep our long-position mindset unchanged!
BTC reference strategy:
Go long directly around 70,500. Look for 73,800. If it breaks through, look up toward 76,000, 79,400
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