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Yesterday evening, Bitcoin experienced a rebound, with prices testing the 71800 level before encountering resistance and pulling back. From a daily perspective, prices have broken through the Bollinger Band midline, reclaiming the EMA short-term moving average, with the midline and moving average converging to form support. From an technical indicators standpoint, KDJ is turning higher from the lower levels with signs of a golden cross; MACD fast and slow lines are converging, with volume bars not showing significant expansion and limited bearish momentum; RSI is in the 50-55 neutral-to-bullish zone. Overall, rebound signals are beginning to emerge, and if prices can hold above the moving average, there's potential to challenge the previous high.
It is suggested to go long around 68500 and 69500, with targets first at 71800, and if this level breaks, looking toward 75000.
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