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The reasons why it's currently advisable to place a long order on BTC are as follows: 1. The price is currently approaching the strong support level of the lower edge of the daily wedge pattern, which is a critical short-term support level. If it stabilizes, consider a small long position for a potential rebound. 2: A death cross on the daily chart may trigger a market rally. With widespread short short, major players are likely shaking out weak hands and aiming for a short-term bullish rebound. 3: The bottom is rising on the 15-minute chart, showing some signs of a short-term bottoming out.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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