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Bitcoin is now facing a key resistance on the daily chart, with smaller timeframes still showing signs of pushing higher. Those holding long positions should reduce some holdings to lock in profits.
The remaining longs depend on the 76,500 four-hour support; as long as the closing price doesn't break below it, hold on and watch for sideways movement or a rebound. Resistance levels above are still at 79,500—81,000—82,000.
If today's four-hour close truly breaks below 76,500, this small rebound will be over, and the market will continue to decline. Long positions should be quickly exited, and look for opportunities to re-enter longs around 75,000—74,000 when the price dips to those levels. $BTC