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Hua Zai BTC Afternoon View:
In the afternoon, BTC oscillated and pulled back for a shakeout. After the bearish volume was concentrated and released, it quickly became exhausted. The market stabilized and rebounded, and the bullish trend remains unchanged.
The daily chart structure is intact, with moving averages arranged in a bullish formation. A pullback is an opportunity to buy the dip, so there’s no need to panic over short-term fluctuations. Current support is in the 77000-77500 area. If this holds, the bulls will restart their push and target the 79500-80000 level.
Trading Suggestions
Build long positions in batches in the 77000-77500 range
Set a stop loss below 76500
Targets
79000-79500, if it breaks through, watch for 80000
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