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Last night, the coin price continued to oscillate and fluctuate around the low point near 69,500, with the low probing below 69,000, followed by a rebound and recovery. Currently, the coin price is again consolidating and fluctuating around 70,500. The intraday volatility continues to narrow. My short-term bearish to mid-term bullish strategy from last night has been perfectly validated again. The strategy remains consistently accurate, as always. If you can't predict the market correctly, others have already made precise forecasts. If you can't hold your positions, others have already taken profits and left. The trend is given to you, the entry points are given to you, yet you remain hesitant and unable to capitalize, then you can only slap your thigh in regret.
Looking at the Bitcoin daily chart, the coin price has formed a small bullish candle with rebound correction. The highs and lows are continuously rising in sync at a slow pace, with notable support at the mid-band. On the larger timeframe, we are looking for a rebound in coin price. From the 4-hour chart, the coin price continuously probed downward along the lower band below 69,000, then formed a bullish engulfing candle with slow rebound correction. Currently, the 4-hour bearish momentum continues to weaken, with the KDJ three-line indicator accelerating upward divergence. The coin price movement is gradually showing a rebound trend. Looking at the short-term hourly chart, the coin price rebounded from the bottom and formed a fluctuating oscillation with an upward bias. The coin price has slowly rebounded to between the mid-band and upper band, with the Bollinger Bands opening and slowly expanding upward. For the subsequent market, we are looking for the continuation of the rebound trend. We can participate on pullbacks.
Bitcoin: Go long around 70,000, watch 71,500. Ethereum: Go long around 2,110, watch 2,180.