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5.4 Bitcoin Analysis
The current market shows a pattern of bottoming out and reversing → a one-way sharp rally → high-level pressure followed by consolidation and oscillation. It has now reached the highest point in nearly two months. Bullish momentum has started to return, and it is currently in a high-level consolidation phase, digesting the move.
Pay close attention to the 80,000 integer level as the key resistance area.
If price can hold steady at this level, the bull market trend will be able to continue.
For the upside target, first look toward around 82,000.
Do not blindly chase the highs; be wary of a technical pullback after a surge.
The 80,000 integer level also remains the key support area below.
If this support is lost, you can take advantage of the pullback in stride.
You can further look toward 79,000.
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