From the current chart, Bitcoin's 4-hour chart showed a rebound after stopping at around 87200 this morning, and is now fluctuating around 87800. The middle and lower bands of the Bollinger Bands are showing signs of turning upward, with clear short-term support and resistance; the 1-hour low point is no longer decreasing, and the bearish momentum continues to weaken, with insufficient correction strength, indicating a typical oscillation and recovery pattern.
Today's core strategy remains unchanged: focus on buying on dips, and once the middle band resistance is broken, there is potential to challenge previous highs.
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1.01 - Jiru Feng Market Analysis (BTC/ETH):
From the current chart, Bitcoin's 4-hour chart showed a rebound after stopping at around 87200 this morning, and is now fluctuating around 87800. The middle and lower bands of the Bollinger Bands are showing signs of turning upward, with clear short-term support and resistance; the 1-hour low point is no longer decreasing, and the bearish momentum continues to weaken, with insufficient correction strength, indicating a typical oscillation and recovery pattern.
Today's core strategy remains unchanged: focus on buying on dips, and once the middle band resistance is broken, there is potential to challenge previous highs.
Big Bitcoin (BTC) 87000-87500 long, secondary Bitcoin 2950-2980 long.
Reference: target 88500-89000, 3050-3100.
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