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Today’s Bitcoin Open Discussion (Friday)
After experiencing a deep pullback, Bitcoin has entered a recovery and repair phase. It is currently trading in a high-level sideways consolidation, with the chart showing a volatile pattern characterized by a sharp sell-off followed by a slow grind higher.
The rebound rhythm from the bulls is steady and orderly. On the short term, the depth of pullbacks continues to shrink, and the overall market is building energy around range-bound consolidation. Affected by the weekend timing, there are no one-sided breakout-and-volume trend signals on the chart, and the long-versus-short battle has shifted into a relatively balanced state.
The key resistance range to watch is 75500-76000. If the price pushes up into this range but shows signs of failing to break higher—stalling and then pulling back—then you can follow the move and place short orders in batches to capture short-term profits from a technical retracement.
The core support range to watch is 73500-74000. If the market retraces to this zone and support holds effectively, with strong buy-side follow-through, then you can seize the opportunity to enter long positions in batches at the right time, to bet on a recovery rebound and the potential returns from it.
In terms of execution, strictly follow the range-trading approach and base your trading plan on key support and resistance levels. With macro news fluctuations happening frequently right now and uncertainty on the chart significantly increased, you must ensure strong risk management throughout trading—strictly set take-profit and stop-loss, avoid the risk of a breakdown beyond key levels and extreme volatility triggered by sudden news, and participate steadily in market trading. #GatePreIPOs首发SpaceX #Gate13周年现场直击 $BTC $ETH $XRP