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Friday Morning Thoughts on 7.11
From a technical structure analysis, looking at the 1-hour chart, the Bollinger Bands are starting to converge. Bitcoin has already pulled back from above the upper Bollinger Band and is now operating below it. Bitcoin has also reached the overbought zone, the KDJ three lines have formed a death cross, and the momentum of Bitcoin is shrinking. This morning, we can look for a pullback high-frequency operation.
suggestion
Near 116000 for Bitcoin, target 114500
Auntie near 2950-2980, target 2850
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