The recent rebound of Bitcoin from $BTC is indeed quite good, rebounding over ten thousand points from the low to yesterday's high. However, it quickly fell three thousand points due to so-called news. In summary, it formed a pin bar, and overall it is still in a downtrend. This means that Bitcoin is experiencing a false breakout or a failed breakout. The market is still in a repair phase, and it is recommended to wait a few days to confirm whether Bitcoin is in an upward channel to raise the bull flag for a strong rebound and break through ninety thousand, or to wait for a clear downward trend of Bitcoin to conduct the desired operations.
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