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4.7 Evening Bitcoin (Big Cake) Analysis
Bitcoin today met resistance after topping at 70332.5, then consolidated and fluctuated before falling again. The bears gradually gained momentum, and the price fell to around the 68220 level at its lowest. In the short term, bearish momentum has been clearly released. The current price is stabilizing around 69000. Market sentiment is becoming more cautious, and selling pressure has eased. From the order-book/chart perspective, the price has retraced about 2,100 points from the high. The 68200-68227 area below has formed short-term support, and technical rebound demand is gradually strengthening.
Bitcoin Trading Recommendations
Entry Zone: Go long at 68400-68800, with targets at 69200-70000
$BTC $ETH $SOL #Gate广场四月发帖挑战 #加密市场行情震荡 #Strategy再增持4871枚BTC