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Morning Share on Bitcoin on August 1st
Currently, Bitcoin is in a bottom consolidation phase, with the bearish momentum gradually weakening, and support levels becoming more evident. The rebound energy is gradually gathering strength.
The downside space is now relatively limited. It is not advisable to excessively short at low levels at this stage, and caution should be taken regarding a potential rebound.
Today's trading strategy is to go long on dips.
Bitcoin is recommended to buy around 89,000-90,000
Target near 94,000-95,000
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