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Trader X - Lao Zheng's Monday Strategy Share
Happy new week, brothers. Have you all caught the bear market in this last week?
The Federal Reserve's interest rate cut is heating up, and the market rebounded after a turbulent night: Bitcoin fell to an intraday low of 86458 before stopping the decline and rising to the 87653 level, entering a consolidation phase. In the morning, it surged to 88100 but faced resistance and fell back.
Hourly market remains in a narrow range of fluctuations, bullish momentum continues, and bearish strength is gradually diminishing; the MACD indicator is stable above the zero axis, bullish energy bars are continuously expanding, and buying funds are entering in an orderly manner. The rebound trend continues to consolidate during the fluctuation process.
Buy Bitcoin around 87000-87500, target near 88800, if it breaks, look for 90000.
There are many around 2800-2850, aiming to see near 2920, and if it breaks through, look at 3000.
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