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4.2 Thursday Morning Bitcoin Latest Strategy
After a round of long and short tug-of-war in the early hours, Bitcoin has started to stabilize. As such, there is no indication of a downward move in the short term. Currently, Bitcoin is fluctuating around 681.
On the four-hour chart, since the previous dip to the 649 support level, the price has been oscillating between bulls and bears, gradually moving upward. As the price rises, the Bollinger Bands are beginning to turn upward in the short term. Currently, Bitcoin faces resistance around 693, but based on yesterday’s pullback, there is little momentum—early morning pullback to buy on dips.
Look for long positions around 675, targeting the 693-700 range. If broken, continue to the upside; if not, consider shorting briefly.