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Morning Thoughts
Today, Bitcoin still mostly shows a sideways trend with some oscillation.
In the early trading session, it surged close to 7.95 but then slightly pulled back, currently fluctuating around 7.8.
The bulls are dominant, but the upward momentum has slowed down.
The four-hour Bollinger Bands are opening upward, with the price moving along the upper band.
The MACD histogram continues to expand, and both MACD lines are forming a golden cross above the zero line.
Currently, Bitcoin has broken below support, and the bulls are very strong.
Short-term support is around 7.7, and a quick rebound is expected to be limited.
In the early session, wait for a pullback to follow the trend and buy on dips.
Trading Suggestions:
Buy near 77,500 with a target around 79,000
Buy near 2,340 for altcoins with a target around 2,420