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7.7 Afternoon Market View
Overall, we continue the morning's approach. From the 4-hour candlestick chart, we observe that the price has been maintaining a narrow oscillation pattern below the middle track during the weekend. On Sunday evening, the market suddenly surged with volume, creating a strong breakout trend, with the price momentarily standing above the middle track, forming a typical bullish engulfing pattern of two ups and one down. Subsequently, we will mainly focus on shorting during the high position retracement.
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Bitcoin: 109600-110100 range, target 107700-106900
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