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The 4-hour level broke through 70,000, with a weak pullback. Bullish signals are clear, the pullback has completed its bottoming process, and the rebound has officially started!
The price has stabilized above the 5, 10, and 20 moving averages, with short-term moving averages moving upward in sync to form strong support, reversing the correction trend. The current low point is effectively forming a bottom, with increased volume on the rebound, sufficient buying support, and continuous release of bullish momentum. The previous high of 74,053 is not the end; we are currently in the second phase of recharging. Institutional accumulation and spot buying are strong, bullish sentiment is warming up, and tonight’s focus remains on low buy-in!
Trading Suggestions
Buy long positions around 68,800-69,300, targeting 71,000 and 73,000, with a stop loss at 67,800. #BTC