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BTC/USD: Today's Strategic Analysis

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For today's analysis:
In the larger daily timeframe, BTCUSD closed with a small bullish candle yesterday. Although the K-line pattern shows alternating consecutive bullish and bearish candles, a closer look reveals that prices have remained at elevated levels. Each pullback has tested support, while upward movements have attempted to break new highs—albeit without sustained follow-through. In such a scenario, a breakout rally remains highly plausible.

In the shorter hourly timeframe, prices are oscillating within a narrow range, with the support level of declines gradually rising—a clear indication of underlying strength. Currently, the K-line pattern shows consecutive bullish candles, suggesting a high probability of further upside today. A key focus will be whether prices can break to new highs during the European session.

BTCUSD
buy@104000-104500
tp:106000-106500

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All current orders have been closed out with profits realized. In view of the fact that multiple key pieces of information will be announced tomorrow, which may have a significant impact on market trends, traders are advised to exercise caution and avoid aggressive trading.

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