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Yesterday, after hitting the high point of the trading range, Bit fell back, touching the bottom at 116800 and now showing a rebound signal. Recently, the trading range has been fluctuating with limited space, so it is advisable to buy low, sell high.
The Bollinger Bands on the four-hour chart are flat, with the coin price running on the middle track. Both long and short volumes are in a stalemate. The KDJ shows a golden cross at the zero line, and the MACD is decreasing in volume. Looking ahead, we anticipate a rebound.
Long at the range of 117000—117500, target 123000, with a stop loss of 500 points.