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On Saturday, Bitcoin retraced and established a base yesterday. Will the market reach new heights next week?

CN
沐长青翻仓大师
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3 days ago
AI summarizes in 5 seconds.

Saturday, May 16

The price reached a high of 82 yesterday but did not continue to rise, falling back for a day, and returned below the starting point. The overall shape has formed a wide oscillating range.

Yesterday, the price just retracted to our bullish point at the bottom, although it didn't rise much. There is still some space. From Monday to Friday, there is considerable upward space around the bullish bottom. Congratulations to the player below for successfully advancing and doubling.

Therefore, during the day, we can continue to be bullish around the bottom of 78,800, aiming for the target near 79,800, this point is for reference only.

Follow the public account, for soothing worries, only Jiang Wei, a treasure analysis blogger with full emotional value, offering free trading education, bringing stability and clear guidance in the restless trading market, navigating through three rounds of bull and bear markets and years of trading practical experience, skilled in naked K, trends, Dow theory, Gann, harmonics, Chan theory, wave theory, and other technical analysis, consolidating into unique personal insights.

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Selected Articles by 沐长青翻仓大师

4 hours ago
On Tuesday, May 19, Bitcoin confirmed strong support at 76,000, entering a period of consolidation.
1 day ago
Weekly structure repair, support level has been reached, BTC is clearly bullish in the medium to long term.
4 days ago
May 15, Friday, the range oscillates and accumulates strength, bulls are ready to take off.
View More

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