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$BTC Bitcoin Analysis Today:
Bitcoin saw a quick sell-off after the US stock market opened last night, dropping sharply in a single direction by over 1,700 points, and hitting a low near 73,200. Afterwards, during the early-morning period, it moved into a choppy rebound pattern; the price briefly surged to around 75,500 before running into resistance and falling back. Currently, it is oscillating around 74,900. Overall, while the rebound strength has been somewhat restored, the downward pressure from above remains clear. In the short term, the plan continues to mainly favor shorting on rebounds.
From the market structure perspective, both yesterday’s and today’s highs capped off above the 75,000 zone, indicating relatively heavy sell pressure there, which is a key resistance band at present. In the 30-minute timeframe, after multiple attempts to push higher, it still failed to break through effectively; the clear pattern of a rally followed by a pullback is evident, and a double-top structure is gradually forming, further confirming the resistance overhead.
Sell in batches within the 75,000-75,500 range
Target around 74,300
If broken down further, continue to look at 73,500-73,000
If the bears persist, further watch the target of 72,300#GatePreIPOs首发SpaceX