The morning strategy suggests maintaining a bullish outlook despite the pullback after a rise. During the day, we provide updates, and in the afternoon, there is another rise 📈. Steady profits are taken, waiting for the next opportunity.
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Today is another day of hitting new highs, with Bitcoin once again strongly breaking through new highs close to the 106700 level. The daily chart shows a series of bullish candles, indicating strong buying power in the market, resulting in a clear upward trend in the candlesticks!
On the hourly level, both the DIF and DEA are positive and continually rising, while the MACD histogram is also in the positive range, indicating strong bullish momentum at the moment.
At the same time, the three EMA lines are all in a bullish arrangement, and the price is above all moving averages, further confirming the upward trend.
Therefore, in future operations, one can rely on the support level of 102550 from which to continue buying on pullbacks. Aggressive traders can enter positions between 103700 and 104200, with the primary upward target being the high points of 105500 to 106600. If it breaks above these highs again, then pay attention to the psychological resistance at 108000!
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