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BTC Market Brief Analysis
This wave of Bitcoin market movement is about to reach the harvesting point!
76k is a key strong resistance level, which is both a densely accumulated cost zone from earlier and a concentrated profit-taking point for bulls. When the price reaches this level, there is a high probability of concentrated selling, and the market is likely to weaken.
Currently, the price is at 74.3k, approaching the resistance level. Do not chase the long position; chasing high carries a great risk of being trapped. Only below 70k is suitable for low buying. For now, just observe with peace of mind.
Trading strategy: Wait for the price to approach 76k, watch for signs of market weakening, then gradually short in batches. The first target for a pullback is 69k. If it breaks below 69k, the downward space will be even larger.