Xiaoqing's Analysis: BTC is currently still in a downtrend within a major cycle and is being suppressed by a wedge consolidation structure. This round of decline has not reached its target yet, and 60k is likely not the final low point. The previous decline from 97k to 60k represented a 38% drop. If we apply the same percentage decline from 76k downward by 38%, the corresponding level would be around 47k.



From a short-term perspective, 71.2k is the key support/resistance level, with the 71,000–72,000 USD range being the core resistance zone.
BTC0.77%
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