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4.10 Afternoon Bitcoin Analysis
In the afternoon, Bitcoin fluctuated and rebounded, returning above the middle band of the Bollinger Bands, indicating a short-term bullish correction; the Bollinger Bands are narrowing and flattening, with the range compressing, and the midline at 72039 forming short-term support; the KDJ has a golden cross and is diverging upward, showing that short-term bullish momentum is relatively strong.
Watch for resistance at the upper band of 72343; a breakout could target the previous high of 73141; support is at the 72000 level, and if broken, it may fall back to test the lower band at 71736.
Trading suggestion: Buy above 72500-73000, with targets at 70500-71000.$GT $BTC