The morning saw a significant pullback from the high of 107000 to around 102000 by noon, followed by a fluctuating rebound to the 103100 level. The market has switched between extremes, with intense volatility.
Currently, the market is gradually returning to stability, with narrowing volatility. On the hourly chart, the price tested the lower support and rebounded, the pullback trend is diverging, the MACD fast line is tending towards a golden cross, and the RSI has risen to 55, indicating that bullish momentum is gradually becoming clear, increasing the probability of a short-term rise.
Evening trading suggestion for Bitcoin: go long around 102800, target 105000, stop loss at 101800.
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