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On the four-hour level, Bitcoin has ended its consecutive bearish adjustment. Although it printed a small-bodied bearish candle on the short-term, volume support was clearly insufficient, and the bears lack the momentum to sustain selling pressure. Overall, the key support zone from the previous period has not been effectively broken down, the top-bottom reversal structure remains stable, and the step-by-step upward pattern remains intact. Short-term bullish momentum is gradually accumulating with potential for further upside exploration.
With downside space becoming limited and recovery pace accelerating, the current market has established conditions to transition from consolidation to a rebound. As long as the key support holds, subsequent price action is expected to resume an uptrend after accumulation.
It is recommended to go long around 73000 and 73500, with targets first at 76000, and if that breaks, then targeting 79400.
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