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Analyst: BTC Strongly Rebounds, Weekly Analysis Reveals Buying Advantage

Analyst: BTC Strongly Rebounds, Weekly Analysis Reveals Buying Advantage

Bitget2024/10/28 01:57

According to analyst Charging Duck Army on X, despite a pullback earlier this week, the long lower shadow indicates limited selling power and bulls eventually took the upper hand. The MA30 shows a slight downward trend, while the MACD indicates increased upward momentum from above the zero axis. On a daily level, although there are short-term adjustments, the long-term bullish trend remains solid. Currently, the price is stable above key support levels. Looking forward, Bitcoin is expected to break through its high of 73777 with overall market sentiment being highly bullish.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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