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Today’s Bitcoin is actually quite similar to yesterday. After a proper correction in the early trading session, it directly surged upward. The morning movement has already met expectations, and real trading has also yielded around 2K. Currently, Bitcoin is fluctuating and consolidating around 70,000. Whether looking at the daily or 4-hour charts, the overall bullish trend for Bitcoin remains quite clear. This is why I’ve been reminding everyone since yesterday not to short.
On the 1-hour chart, Bitcoin’s MACD shows a slight divergence. If it can continue to stay high in the afternoon, there shouldn’t be much problem. After breaking through 70,000, the resistance above comes around 71,500. For short-term trading, consider around 72,000 before making a move.
Bitcoin ranges from 6.93-6.98, watch for 7.15-7.2, with a support at 6.88.
Auntie 1980-2020 ranges, watch for 2080-2120, with a support at 1950.