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Recently, the price of Bitcoin has shown a rising trend, and market sentiment is gradually warming up. From a technical perspective, there is still upward momentum in the current price, so adopting a short positions strategy may face significant risks.
In this case, investors might consider another strategy: focusing on pullback opportunities. When the price falls back to the 3430-3460 range, they can consider establishing long positions. The first target price for this strategy is 3530, and if the market continues to strengthen, the target can be further adjusted to 3600.
It is worth noting that the current market is influenced by multiple factors, including U.S. economic policies, employment data, and the government's attitude towards digital assets. These factors may have a direct or indirect impact on the cryptocurrency market.
Overall, following market trends often leads to a higher probability of profit. Investors should closely monitor market movements, seizing opportunities while managing risks effectively. Whether it is Bitcoin, Ethereum, or other cryptocurrencies like Ripple, they should be approached with caution and rational investment.