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4.28 Bitcoin Bullish Strategy:
From the four-hour technical chart analysis, the current Bitcoin market is in a phase of bottoming out followed by a period of oscillation and consolidation. After multiple tests and retests during the early morning hours, the short-term support structure has been gradually confirmed.
The core support level for the day focuses on the $76,000 mark, which is both the lower boundary of the previous consolidation range and corresponds to the 0.618 Fibonacci retracement level of this round of correction. It is a critical point that determines the short-term trend direction. If this support holds effectively, the market is likely to experience a weak rebound, with resistance expected in the $78,500–79,000 range; once the $76,000 support is broken convincingly, a bearish trend will be confirmed, and the downside space will further open up, likely testing the $74,000 and even $72,000 levels. Traders should closely monitor signs of stabilization at this key level.
Trading suggestions:
Bitcoin: Buy at 78,000–79,000, target 76,500, 75,000
Bullish: Buy at 2,330–2,370, target 2,280, 2,200