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Morning Analysis
The Bitcoin 4-hour cycle has shown a clear bullish accumulation trend. The support area below has been tested multiple times and has not been effectively broken, indicating strong buying pressure during the pullback. At the same time, the Bollinger Bands are overall converging upwards, suggesting that the current consolidation structure is gradually leaning towards the bullish direction.
Trading suggestion: Look for long positions around 86500-87000, with a target near 88500-89000.
Bullish near 2910-2940, target around 3100 $BTC $ETH