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Market Review: Bitcoin’s lowest pullback yesterday briefly broke below the 77 level, then continued to rise throughout the night. Overnight, the price stabilized above 78. Overall, the trend leans toward a bullish sideways uptrend pattern.
On the four-hour timeframe, the candlesticks show a stepwise upward movement, with highs continuously forming higher highs. Each time there is a pullback, it is accompanied by a certain breakout. Although there are pullbacks, the upward room is greater than the downside. For a move like this, the bias is more toward bullishness.
On the larger weekly level, the weekly K-line has already broken above the middle band of the daily chart, which acts as resistance. If this week’s price closes above the middle band, then next week’s price will have no resistance above, and the market may see a sharp surge, even reaching the 90,000 level.
Look for bullish entries in batches on pullbacks in the 775000-77000 area. The target is to break through the 79500 level; a direct push can then be directed toward around 82000. The points are for reference only #以太坊Meme季卷土重来 #btc