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Current market for Bitcoin: MACD momentum continues to weaken, KDJ/RSI are short-term weak, and there is a need to test support levels again. But don’t expect a deep correction; the solid support around 75,500 is hard to break. In the short term, watch the support around 77,000-77,500. A buy signal here would be an entry opportunity.
$BTC Bitcoin: Around 76,800-77,300, first watch 78,500-79,000, a breakout could lead to a move above 80,000.
Last night near 79,444, many people chased the rally hoping to reach 80,000, but after clearing the overhead resistance, it stalled and pulled back. Actually, the move to 79,444 yesterday was driven by short covering and ceasefire news, not big institutional buying. Now, as it consolidates and pulls back, it’s also waiting for the next catalyst. #美伊二轮谈判进展