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4.17 Afternoon Market Outlook
In the early morning, BTC (the “big cake”) surged to around 75,500 but met resistance and pulled back. In the morning and afternoon, it touched the top near 75,000 twice and faced pressure. It is currently consolidating around 74,900. The double-top pattern has been confirmed; resistance above is clear. The Silk Road is still rebounding, so look to short.
Both times it topped out failed to break through the strong resistance above 75,000. From the 15-minute chart, the highs are gradually moving lower; the signal of resistance followed by a pullback is obvious, and selling pressure remains persistent at high levels.
Trading Suggestions
Short on rebounds in the 75,200-75,700 range; target down at 74,500. If it breaks down, look for 74,000-73,500. After a breakdown, continue to look down at 72,8000#山寨币强势反弹 $BTC $GT