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The past two days over the weekend have been consistently weak, with a rebound around 74 in the morning followed by resistance. Currently, the short-term rebound is still consolidating around 75, and the overall layout remains consistent with the usual approach. The main focus is still on the above levels, which were almost perfectly validated last week. Those who followed the entry points generally have room to move, and intra-day, the rebound is still expected to test higher levels.
From a technical perspective, the long-term downward trend line on the daily chart has been successfully broken, which is a clear signal of a trend reversal. The previous persistent downtrend pattern has been broken, and after a brief pullback for confirmation, the support below remains solid. According to technical rules, a pullback after a breakout is the best entry point. So don’t be afraid of high positions and hesitating to buy; the trend is reversing. If you’re afraid to buy at high levels, the price will only go higher. The brave will win when facing a narrow path!
Bitcoin trading suggestion: Around 74,800, look for an upward move towards 77,300.