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Today's public trading outlook:
• Daily chart (main trend)
After dropping from high levels, the price is still in a correction but has not broken key support; MACD green bars are shrinking, RSI is rising from oversold levels — downward momentum is weakening, showing signs of a rebound.
• 4-hour chart (short-term)
The price is repeatedly battling at the 70,000 level, Bollinger Bands are narrowing, moving averages are converging; KDJ has a golden cross at low levels, RSI is rebounding — short-term bias is bullish, a rebound is expected.
• Key situation
We are currently on the verge of a trend reversal, with the price consolidating within a small range; a single large bullish candle could open up upward space.
Bitcoin retraced to 69,500–69,000, indicating potential for upward movement.
First target: around 70,500
Second target: 72,000 (cautiously) $BTC #Gate13周年全球庆典