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March 27 Morning Bitcoin Strategy Analysis
Bitcoin surged to 72,000 then sharply dropped, with a low of around 67,000. Currently, it is slightly rebounding.
Rapid decline from high levels to shake out weak hands, with a 4-hour retest of key support, and a stop-loss signal appearing on the hourly chart.
Trading suggestion: Light positions at 68,800, try going long.
Pullback to the 67,500–67,000 range, add to long positions.
First target: 70,500
Second target: 71,000