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Friday early session, Bitcoin (“big cake”) overall consolidated with a weaker bias. Resistance overhead gradually increased, and the overall intraday strategy should prioritize taking shorts from higher levels.
Yesterday’s market continued to fluctuate within a range, with a high of 78,600 and a low of 76,500, and it never broke out into a one-way trend. Price faced clear pressure, and the rebound strength from the bulls was insufficient.
The chart indicators weakened in sync as well. There were clear signals of a short-term pullback, making the probability of downside in the near term even greater.
In terms of execution, set up short positions by relying on the resistance area above, with an entry reference at 78,400-78,900. First, look for 77,000 below; if it breaks, then look at 76,000. As long as the overhead resistance does not break through, maintain an overall approach of selling on rebounds as the primary play.
$BTC