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Consolidating with oscillations, a trend reversal is imminent! I choose to go long
The needlepoint rebound oscillation at 60K is finally coming to an end
Four-hour oscillation range is narrowing
The trend reversal is expected within the next few days
On a larger scale, the trend is still downward; currently, it's a small platform correction after a decline, indicating a rebound correction phase, and no bottom reversal signal has appeared yet
Four-hour range oscillation (65K-72K) is converging, currently at the lower half critical point
On a smaller scale, the past two days show a stop of the decline and a rebound, but will it break downward again to start a new second test?
From the order book, although there have been more sell orders in the past two days, the price hasn't crashed significantly; instead, there's an active absorption pattern
The price is again in the high risk-reward zone of the lower half
Currently, it's a suitable zone to bet on a rebound
If it stabilizes above 70K, the high point should be equidistant from the previous rebound at 76K
$BTC