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10.29 Evening BTC Private Analysis
From the perspective of the four-hour level, the market shows an alternating upward pattern of yin and yang, with bearish momentum continuously weakening. Each pullback encounters strong support from the bulls, and the three lines of the Bollinger Bands are synchronously extending upward, clearly highlighting the overall trend currently dominated by the bulls.
On the hourly level, after three consecutive bearish dips, the market has ushered in a strong rebound. After a short-term repair and adjustment, the bulls are gradually returning to the upward channel. Currently, the upward momentum is robust, and the KDJ indicator has formed a golden cross with a resonance of three lines, indicating a clear short-term rebound signal. In summary, the evening trading strategy focuses on buying on dips.
Operation: around 112500-113000.
Target: 114500, 115500