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Morning Thoughts
Bitcoin strongly rebounded in the early morning, up 5.7% in 24 hours, breaking above 755 on the northbound side before pulling back for correction.
Technically, on the daily chart, it shows a "long upper shadow + decreasing volume correction" pattern, with significant selling pressure at 760 but solid support at 735. The 4-hour chart forms an ascending triangle. Moving averages are entangled, and no clear trend reversal signal has appeared yet. If the price cannot effectively break through the 760-770 range upper boundary, it may continue to fluctuate and adjust.
Trading suggestions:
Around 74200 for Bitcoin, aiming for around 75500
Around 2310 for Ethereum, aiming for around 2380