Bitcoin showed strong upward momentum in the early morning hours. At present, the market is positively affected by the easing of trade relations between China and the United States, the willingness of venture capital has increased, and at the same time, the Federal Reserve has kept interest rates steady, and the market's expectations for future interest rate cuts are rising. However, on the technical front, the KDJ indicator has entered overbought territory, and investors need to be wary of a possible short-term technical pullback. From an operational point of view, it is possible to look for entry opportunities in the 108100-108400 range, and the target is around 109700-110200. It is worth noting that if the price falls below 107600, the strategy needs to be reoriented. The market is volatile, and investors are advised to pay close attention to changes in technical indicators and macroeconomic trends.
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Bitcoin showed strong upward momentum in the early morning hours. At present, the market is positively affected by the easing of trade relations between China and the United States, the willingness of venture capital has increased, and at the same time, the Federal Reserve has kept interest rates steady, and the market's expectations for future interest rate cuts are rising. However, on the technical front, the KDJ indicator has entered overbought territory, and investors need to be wary of a possible short-term technical pullback. From an operational point of view, it is possible to look for entry opportunities in the 108100-108400 range, and the target is around 109700-110200. It is worth noting that if the price falls below 107600, the strategy needs to be reoriented. The market is volatile, and investors are advised to pay close attention to changes in technical indicators and macroeconomic trends.
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