Bitcoin

BTC Daily & 4H Technical Analysis

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- Daily Chart:Three consecutive bearish candles retrace to the prior rebound starting point, now consolidating near lows with shrinking volumes—indicating the correction hasn't reversed the uptrend.
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- 4H Perspective:Pressured by the Bollinger Bands midline within a descending channel, RSI in oversold territory and weakening MACD bearish momentum suggest a potential rebound.
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- Trading Strategy:Go long after confirming support at 103,000-104,000 USD, targeting 106,000-107,000 USD. Maintain a dip-buying approach as the primary trend remains bullish.

BTCUSD
buy@103500-104500
tp:106000-107000

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