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On Tuesday, the train of thought is as follows:
From a technical perspective, on the four-hour timeframe, after the price corrected upwards, it rallied strongly. Currently, it is consolidating around the middle track after oscillation, forming an open state in the operating channel. The volume has directly turned from short selling to long, with the moving average showing a certain amount of fluctuation. The short-term upward trend is clear, but there is still a need for a certain amount of pullback.
On the hourly chart, the price has been oscillating and consolidating, forming a strong upward breakthrough. Currently, it is running within the upper rail after probing upwards. The bullish volume remains arranged, and the moving average currently shows signs of downward divergence. In the short term, there are signs of oscillation and pullback, but the strength is not very strong. The trend is still driven by the bulls, and the strategy for the day is to go long on the pullback at the lower level!
Personal Advice on Operations:
Bitcoin retraced to the 69000-68500 area, targeting 70000-70500#BTC #BOME #ETH