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4.14🫓
Bitcoin's midline looks bullish, long-term still looks optimistic
From a small timeframe perspective, there is a serious overbought condition, combined with news impact
Rapidly surged from 71,000 to 74,000
Currently in a bullish upward trend with Bollinger Bands opening upward and MA zero line forming a strong golden cross, during the Bollinger Bands opening phase, it is not recommended to go against the trend and short, unless a strong divergence appears
🚨 Trading advice
Short-term traders are not advised to chase the dip now, wait for a volume breakout above 76,000, and if there is stagnation around 75,000, consider a short-term pullback to 72,000–72,500 to confirm support before considering a buy-in
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