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April 30th, Thursday, Brother Li's Morning #BTC Silk Road Sharing
Four-hour timeframe, Bitcoin surged higher then faced resistance and pulled back, with highs gradually decreasing and lows continuously being refreshed, forming a standard downtrend structure, clearly indicating a bearish trend.
The market continuously closed with increased volume and bearish candles, with selling pressure remaining at the top, and bulls lacking effective support. The coin price has broken through previous support levels, showing a very weak trend, and the short-term slight rebound is only a continuation of the decline.
Trading suggestion
Buy within the 76,600-77,100 range, target 74,500