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#BTC Price Analysis
On Saturday, there will be a rebound after the bottoming out, going long first and then short within the day.
Bitcoin was affected by inflation data yesterday, triggering another nosedive in the high platform, with the longs in the US session reaching a high of 99400 area before coming under pressure, then plummeting below the 95000 mark. Currently, it is entering a phase of repair and oscillation after the bottoming out, so we should go long first and then short within the day.
From a technical perspective, the daily chart shows a large bearish candle piercing the middle track average, unable to break the top and not piercing the bottom. After the overnight high and fall, it stabilized below the support level. There is no reason to chase shorts at the low level. The overall trend is still a box oscillation. For today, aggressively, go long directly above 96000. This slow recovery rhythm will not provide too much room for retracement, go short at higher levels.
Bitcoin 96000-96300 area Long Target 98000 Do not break through, then go short
Ethereum 2660-2680 area Long Target 2780 Do not break through, then go short
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