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Intraday Review: After the coin price consolidated at a high level in the early morning, it showed a significant rapid surge in the morning, testing a high of 72,000 before entering sustained volatile swings around 71,400. In the afternoon, the coin price continued its previous uptrend. In the evening, the US session accelerated again, with the coin price rising strongly and breaking through to a high of 73,800 before quickly pulling back. The current pullback trend continues to extend, and the bullish outlook repeatedly provided intraday has once again been perfectly realized. The current downtrend completely aligns with the mid-term expectations I provided this morning. All long positions from the intraday real trading were fully closed for profit, with accumulated gains exceeding 3,000 points. Multiple real trading students have successfully achieved their short-term account doubling targets. When you fight alone in the crypto space, we've already formed a united front. When you discover trend reversals, we've already exited with profits intact. This is the foundation and basis for confidently leading everyone to accumulate steadily and rapidly.
From the 4-hour chart, Bitcoin showed six consecutive positive candles with rapid strong rallying. After the strong overbought condition, it formed a long upper wick pullback for correction. The relatively long upper wick indicates significant selling pressure at 74,000 above. Combined with the continuous significant rally this week, pullback demand continues to grow, with significant overhead pressure. Currently, the KDJ three-line indicator is gradually converging from top to bottom, so the mid-term outlook remains bearish. From the short-term hourly chart, after the coin price's small consecutive positive candles probed toward a high of 73,800, it pulled back rapidly. Currently, two consecutive negative candles are forming with rapid decline. The current MACD energy histogram shows continued exhaustion of bullish momentum. Therefore, the pullback demand accumulated this week will continue to be released in the coming sessions. Combined with the KDJ three-line indicator accelerating downward and rapidly diverging, our subsequent outlook remains to watch for pullbacks in the coin price, participating in rebounds with short positions.
Bitcoin short around 72,500, watch 70,000 nearby. Ethereum short around 2,160, watch 2,000 nearby.
#加密市场上涨