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🔥April 16th Bitcoin Public Strategy
The bullish trend continues, the main upward wave restarts! The rebound momentum keeps strengthening, and a new round of profit-taking window officially opens!
Since stabilizing around 74200, it has been rising steadily, with a short-term rebound of over 800 points, an increase of more than 1.1%. The bullish attack pace remains unchanged, with support levels layered firmly, and the bears have no effective response! The support zone between 74000-74500 has been tested multiple times, with bullish chips continuously accumulating, and the bears have no room left to push down!
💥Core signals are at full strength:
Capital inflow continues to accelerate, with a strong net inflow of 580 million, clearly indicating increased buying volume at low levels! Although it appears to be oscillating at high levels, it is actually a shakeout and accumulation phase for the bulls, and the main upward wave is on the verge of launching!
Moving averages are turning upward and restoring, the price is steadily above the short-term MA7 and MA30, MACD red bars are continuously enlarging, bullish momentum is steadily building, and trend reversal signals are fully formed!
🎯Trading suggestions:
Follow the trend with long positions, buy on dips around 74000-74500, targeting 75000-76000.
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