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The evening Bitcoin market is in a temporary state of balance, with signs of a weakening in short positions.
On the hourly chart, the candlestick tested the lower band and left a long wick below, suggesting that the price encountered strong support near the lower band, leading to a rebound. The Bollinger Bands starting to flatten indicates that the price fluctuation range is relatively stable, and there may not be a clear trend in the short term.
The MACD histogram of the attached chart shows a decrease in the energy of the shorts, further indicating that the strength of the shorts is gradually diminishing, and the directional balance is gradually tilting towards a bullish trend.
We continue to hold the long position of 62300-62500, with a target of around 63800! In addition, the defense can be set at 61800!
#BTC #GateioInto11