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Bitcoin has completed a reversal in the deep double bottom area, and clear bullish signals have appeared on the technical side. From the candlestick pattern, the strong rebounds after touching support twice in a row indicate that a relatively strong upward trend is brewing.
Based on the current technical configuration, the key level to watch above is $1.55. Once it is effectively broken through, a larger upward move is expected. Double bottom reversals often signify bottom confirmation and the start of a new trend, so it is crucial to keep an eye on BTC's movements in the short term.
Market sentiment is also gradually improving, with decent volume support, which provides some backing for the subsequent rise. However, it is still important to control risks during trading and set proper stop-loss points.