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5.13 Bitcoin Evening Strategy
The current market is weakening again and pulling back, with the price further breaking below yesterday's low. The 4-hour cycle indicator has already reached a low level, and the downward space below is now very limited.
The daily chart shows three consecutive bearish candles, gradually approaching the middle band of the Bollinger Bands. This round of pullback is likely to find support and stabilize around the middle band, with the downward momentum about to exhaust.
Friends who are still watching can seize the opportunity. Bitcoin at the current price of around 79,500 can directly go long, with a short-term target of around 81,000 as the intraday resistance. The stop-loss is set at the 79,000 integer level.