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5.6 Tuesday Zhiming Morning Analysis and Suggestions
Looking at the chart, the daily candlestick for Bitcoin has turned bullish again. Currently, it seems that the bulls have a slight advantage. The price has been stretching all the way and is now hovering around 95000, reaching the upper level of the four-hour downtrend channel, which is also a classic structure. In such cases, we generally maintain our stance against changes and continue to treat the downtrend channel as the main scenario. If the price breaks above the resistance and stabilizes, it would not be too late to go long.
Zhiming suggests
The pancake is looking near 95300-95600, and pay attention to 94200-93500.
Near the style of 1850-1870, look at around 1810-1790.