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Morning thoughts on 10.10
The daily price fluctuations of Bitcoin are large, with significant selling pressure reflected in long bearish candlesticks on October 7 and 9, while the bullish candlestick on the 8th did not break the previous high; in the 4-hour timeframe, there was a consolidation around 2000 on the 9th, with smaller candlestick bodies indicating an unclear short-term direction. The 4-hour MACD is below the zero line, with the fast and slow lines converging and green bars weakening, showing signs of a potential short-term rebound; RSI at 47.05 is in the neutral zone, with a weak trend and no extreme signals; EMA7 and EMA30 are acting as resistance above the current price, while EMA120 provides effective long-term support.
Bitcoin operation strategy: Pullback near 121000-119850, look up to around 123100.
Mistress operation idea: pull back to around 4340-4315, look up to around 4475#
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