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$BTC Bitcoin sharply rebounded and then fell back, currently trading around 79,909. The price has broken below all short-term moving average supports, and the short-term bearish momentum continues to be released.
The resistance levels above are concentrated in the 80,074-80,384 range, with strong resistance at the previous high of 81,666;
The support below first looks at the 79,669 level, and if it fails to hold, then it targets around 79,400.
The 15-minute price is rapidly declining along the short-term moving averages, with a clear downtrend.
In the short term, the trend is mainly bearish, and a trend-following bearish approach is preferred.
Rebound attempts may face resistance, so consider light short positions.
Key support levels can be used for long positions. #BTC回调