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Bitcoin Afternoon Analysis
Bitcoin rebounded after retesting the support at 69,350, gradually stabilizing above the MA7 and MA30 moving averages. The short-term moving averages are turning upward, forming bullish support. The rebound momentum is gradually strengthening, and the upward trend is becoming clearer. The KD indicator is turning upward from a low position, indicating that the bearish momentum is fully released and the bulls are starting to gain strength. The previous pullback was a healthy correction and accumulation phase, and the overall bullish pattern remains unchanged.
Trading suggestion: Buy in the range of 69,800-70,300, target 71,700-72,200